# Canadian dollar falls as global central bank tightening spooks investors - The Globe and Mail

> The Canadian dollar weakened against the US dollar as oil fell 2.1% to $112.91 a barrel and central banks including the Fed, SNB and BoE raised rates. The 10-year Canadian bond yield hit its highest since 2010 before easing.

- Date: 2022-06-16 · published 2022-06-16T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/41175-canadian-dollar-falls-as-global-central-bank-tightening-spooks-investors-the
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Tighter global monetary policy raises recession fears, weighing on crude and commodity demand; a weaker loonie modestly supports Canadian-priced exports but the signal is mainly macro.

## Read by commodity

- WTI: bearish ▼
- USDCAD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2020-03-27 | [Canadian dollar pulls back from 10-day high as investor sentiment sours - The Globe and Mail](https://feedsoft.ai/events/54354-canadian-dollar-pulls-back-from-10-day-high-as-investor-sentiment-sours-the.md) | +37.1% | -32.8% |
| WTI | 2024-07-26 | [Canadian dollar posts longest losing streak in six years as oil falls - The Globe and Mail](https://feedsoft.ai/events/29504-canadian-dollar-posts-longest-losing-streak-in-six-years-as-oil-falls-the-globe.md) | -2.3% | -7.0% |
| WTI | 2018-10-23 | [Canadian dollar shakes off plunge in oil as investors brace for BoC rate hike - The Globe and Mail](https://feedsoft.ai/events/62779-canadian-dollar-shakes-off-plunge-in-oil-as-investors-brace-for-boc-rate-hike.md) | -3.2% | -17.6% |
| WTI | 2024-01-02 | [Canadian dollar falls the most in 3 months, weighed by soft factory data - The Globe and Mail](https://feedsoft.ai/events/32340-canadian-dollar-falls-the-most-in-3-months-weighed-by-soft-factory-data-the.md) | -1.2% | +8.8% |
| WTI | 2025-03-13 | [Canadian dollar weakens as trade war spooks investors](https://feedsoft.ai/events/25825-canadian-dollar-weakens-as-trade-war-spooks-investors.md) | -0.5% | -7.6% |

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/investing/markets/inside-the-market/market-news/article-canadian-dollar-falls-as-global-central-bank-tightening-spooks/

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