# Canadian dollar turns lower for the week - Business & Finance - Business Recorder

> The Canadian dollar weakened on Friday as investors shed risk ahead of a long weekend, with Russia's military build-up around Ukraine weighing on sentiment. The loonie dipped 0.1% for the week. U.S. crude settled 0.5% lower at $91.07 a barrel, pressured by prospects of increased Iranian exports.

- Date: 2022-02-21 · published 2022-02-21T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/42922-canadian-dollar-turns-lower-for-the-week-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

Risk aversion and a firmer dollar raise the cost of dollar-priced feed imports, while Iranian supply prospects temper crude and energy-linked costs.

## Read by commodity

- WTI: bearish ▼
- USDCAD: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40155800

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