# Canadian dollar extends winning streak - Business & Finance - Business Recorder

> The Canadian dollar edged higher against the US dollar as US crude rose 1.7% to $113.64 a barrel. Global stocks fell on fears that central banks would trigger a recession, and markets expected a 75bp Bank of Canada hike in July.

- Date: 2022-06-30 · published 2022-06-30T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/41176-canadian-dollar-extends-winning-streak-business-and-finance-business-recorder
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Oil strength supports the loonie, but growth worries cap gains; for feed buyers the currency move is a minor macro factor with little direct grain price effect.

## Read by commodity

- WTI: bullish ▲
- USDCAD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-04-13 | [Canadian dollar recovers - Business & Finance - Business Recorder](https://feedsoft.ai/events/42110-canadian-dollar-recovers-business-and-finance-business-recorder.md) | +2.1% | +5.0% |
| WTI | 2021-12-10 | [Canadian dollar set to end weekly losing streak as oil rallies \| Financial Post](https://feedsoft.ai/events/43855-canadian-dollar-set-to-end-weekly-losing-streak-as-oil-rallies-financial-post.md) | +2.1% | +11.4% |
| WTI | 2023-01-26 | [Canadian dollar notches two-month high as stocks climb - Markets - Business Recorder](https://feedsoft.ai/events/38036-canadian-dollar-notches-two-month-high-as-stocks-climb-markets-business-recorder.md) | -4.4% | -5.8% |
| WTI | 2021-05-28 | [Canadian dollar falls as investors weigh US inflation surge - Markets - Business Recorder](https://feedsoft.ai/events/47328-canadian-dollar-falls-as-investors-weigh-us-inflation-surge-markets-business.md) | +4.1% | +10.9% |
| WTI | 2023-09-27 | [Thai baht, Malaysian ringgit lead Asian FX lower on extended dollar strength - Markets - Business Recorder](https://feedsoft.ai/events/34366-thai-baht-malaysian-ringgit-lead-asian-fx-lower-on-extended-dollar-strength.md) | -2.0% | -7.4% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40183360

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