# Canadian dollar recovers - Business & Finance - Business Recorder

> The Canadian dollar edged higher against the US dollar, recovering from a near four-week low, as oil rose about 3.9% to $97.94 a barrel. Oil gained after Shanghai eased some COVID-19 restrictions and OPEC said it could not replace potential Russian supply losses. US core CPI rose 6.5% year on year, slightly below expectations.

- Date: 2022-04-13 · published 2022-04-13T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/42110-canadian-dollar-recovers-business-and-finance-business-recorder
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Higher crude on supply risk and easing China lockdowns lifts energy costs and supports biofuel-linked demand for vegetable oils and grains.

## Read by commodity

- WTI: bullish ▲
- USDCAD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-06-30 | [Canadian dollar extends winning streak - Business & Finance - Business Recorder](https://feedsoft.ai/events/41176-canadian-dollar-extends-winning-streak-business-and-finance-business-recorder.md) | -6.3% | -11.5% |
| WTI | 2021-02-24 | [Canadian dollar notches 3-year high as oil climbs - Markets - Business Recorder](https://feedsoft.ai/events/48891-canadian-dollar-notches-3-year-high-as-oil-climbs-markets-business-recorder.md) | -3.2% | -6.3% |
| 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 | 2023-01-26 | [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 | 2021-03-30 | [Canadian dollar slips as hedge fund jitters underpin the greenback - Markets - Business Recorder](https://feedsoft.ai/events/48365-canadian-dollar-slips-as-hedge-fund-jitters-underpin-the-greenback-markets.md) | -3.5% | +2.4% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40166886

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