# Canadian dollar steadies - Business & Finance - Business Recorder

> The Canadian dollar was little changed against the US dollar as oil prices fell in volatile trading after the IMF cut global growth forecasts. US crude dropped 4.3% to $103.51 a barrel, and Canadian housing data showed signs of cooling.

- Date: 2022-04-20 · published 2022-04-20T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/42109-canadian-dollar-steadies-business-and-finance-business-recorder
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Falling oil on demand concerns signals weaker energy prices, which can soften feed-related energy and freight costs.

## Read by commodity

- WTI: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40168249

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