# Canadian dollar falls by most since December despite hawkish BoC | Reuters

> The Canadian dollar fell to a five-week low against the US dollar and posted its biggest one-day decline since December 2021. The US dollar rallied after Fed Chair Powell signaled a half-point hike at the May meeting, and US crude fell nearly 2% to about $101.75 a barrel.

- Date: 2022-04-22 · published 2022-04-22T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/42106-canadian-dollar-falls-by-most-since-december-despite-hawkish-boc-reuters
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A weaker loonie and lower oil prices together reduce the Canadian-dollar cost of exports and pressure energy-linked input costs, but the effect on feed grain and meal prices is modest.

## Read by commodity

- WTI: bearish ▼
- USDCAD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2025-11-19 | [Canadian dollar falls the most in four months after key US data cancelled \| Reuters](https://feedsoft.ai/events/22180-canadian-dollar-falls-the-most-in-four-months-after-key-us-data-cancelled.md) | -5.1% | -8.5% |
| WTI | 2020-12-21 | [Canadian dollar falls by most since October as new virus strain clouds outlook - The Globe and Mail](https://feedsoft.ai/events/49869-canadian-dollar-falls-by-most-since-october-as-new-virus-strain-clouds-outlook.md) | -3.1% | +8.4% |
| WTI | 2026-06-01 | [Canadian Dollar falls despite solid jobs data as US NFP beat forecasts](https://feedsoft.ai/events/19480-canadian-dollar-falls-despite-solid-jobs-data-as-us-nfp-beat-forecasts.md) | +3.5% | -20.5% |
| WTI | 2021-12-15 | [Canadian dollar at nearly 3-month low as oil prices fall \| Reuters](https://feedsoft.ai/events/43853-canadian-dollar-at-nearly-3-month-low-as-oil-prices-fall-reuters.md) | +0.7% | +16.9% |
| WTI | 2022-04-05 | [Canadian dollar pulls back from 5-month high on hawkish Fed outlook](https://feedsoft.ai/events/42112-canadian-dollar-pulls-back-from-5-month-high-on-hawkish-fed-outlook.md) | -8.8% | -0.8% |

## Sources

- reuters.com: https://www.reuters.com/article/markets/us/canadian-dollar-falls-by-most-since-december-despite-hawkish-boc-idUSL2N2WK0ZE/

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