# Canadian Dollar May Lose Ground Even as the BOC Delivers | Forex trading, free forex education | Forex.ca

> The Canadian dollar has outperformed other commodity currencies in 2022, trailing only the US dollar among G10 currencies. Analysts note that oil prices alone do not explain the strength, and the outlook depends on Bank of Canada rate expectations.

- Date: 2022-05-28 · published 2022-05-28T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/41655-canadian-dollar-may-lose-ground-even-as-the-boc-delivers-forex-trading-free
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

The loonie's resilience reflects investor focus on rate differentials rather than energy alone, so commodity price pass-through to the currency is uncertain. Feed buyers should watch rate expectations for currency-driven import cost changes.

## Read by commodity

- USDCAD: neutral

## Sources

- forex.ca: http://www.forex.ca/canadian-dollar-may-lose-ground-even-as-the-boc-delivers/

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