# Canadian dollar perks up with oil back near $100

> Canadian dollar gained as oil rose about $2 to near $100 a barrel after Biden's Middle East trip failed to yield immediate new supply. Traders also cited growing fears of a Russian cutoff of Nord Stream 1 gas flows.

- Date: 2022-07-18 · published 2022-07-18T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/40722-canadian-dollar-perks-up-with-oil-back-near-100
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Higher crude and energy-supply fears lift energy costs and feed into diesel and fertilizer prices, while supporting oil-linked currencies like the loonie.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- NATGAS: bullish ▲
- USDCAD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2025-12-22 | [Canadian dollar rises ahead of GDP data as oil prices climb \| Reuters](https://feedsoft.ai/events/21735-canadian-dollar-rises-ahead-of-gdp-data-as-oil-prices-climb-reuters.md) | +2.1% | +6.5% |
| WTI | 2026-09-10 | [Brent crude oil nears $104 per barrel: Here's why](https://feedsoft.ai/events/17666-brent-crude-oil-nears-104-per-barrel-here-s-why.md) | +6.6% | -4.3% |
| WTI | 2026-05-01 | [U.S. oil hovers near $100 on report Trump dissatisfied with Iran's proposal to open Hormuz](https://feedsoft.ai/events/19901-u-s-oil-hovers-near-100-on-report-trump-dissatisfied-with-iran-s-proposal-to.md) | -9.6% | -16.3% |
| WTI | 2026-04-29 | [Canadian Dollar consolidates vs USD as BoC, FOMC decisions loom](https://feedsoft.ai/events/19939-canadian-dollar-consolidates-vs-usd-as-boc-fomc-decisions-loom.md) | +2.2% | -10.9% |
| WTI | 2023-12-18 | [Canadian dollar retreats from four-month high ahead of CPI data](https://feedsoft.ai/events/32945-canadian-dollar-retreats-from-four-month-high-ahead-of-cpi-data.md) | +3.1% | +2.2% |
| BRENT | 2025-12-22 | [Canadian dollar rises ahead of GDP data as oil prices climb \| Reuters](https://feedsoft.ai/events/21735-canadian-dollar-rises-ahead-of-gdp-data-as-oil-prices-climb-reuters.md) | +2.6% | +8.8% |
| BRENT | 2026-09-10 | [Brent crude oil nears $104 per barrel: Here's why](https://feedsoft.ai/events/17666-brent-crude-oil-nears-104-per-barrel-here-s-why.md) | +10.5% | +6.7% |
| BRENT | 2026-05-01 | [U.S. oil hovers near $100 on report Trump dissatisfied with Iran's proposal to open Hormuz](https://feedsoft.ai/events/19901-u-s-oil-hovers-near-100-on-report-trump-dissatisfied-with-iran-s-proposal-to.md) | -15.2% | -22.3% |

## Sources

- investinglive.com: https://investinglive.com/news/canadian-dollar-perks-up-with-oil-back-near-100-20220718/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.