# Canadian dollar struggles for clear direction amid Ukraine uncertainty | Financial Post

> The Canadian dollar was little changed on Tuesday as investors weighed tentative signs of easing tensions in Ukraine after Russia said it had withdrawn some troops from the border. Oil settled 3.6% lower at $92.07 a barrel. Markets expected the Bank of Canada to tighten rates for the first time since 2018.

- Date: 2022-02-15 · published 2022-02-15T12:00:00.000Z
- Category: geopolitics · region Global · magnitude low
- Page: https://feedsoft.ai/events/42923-canadian-dollar-struggles-for-clear-direction-amid-ukraine-uncertainty
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Easing geopolitical tension pulled oil lower, reducing near-term energy cost pressure, though supply risk from Russian energy remains a background factor.

## Read by commodity

- WTI: bearish ▼
- USDCAD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2021-07-19 | [Canadian dollar falls by most in 13 months on rising risk aversion \| Financial Post](https://feedsoft.ai/events/46275-canadian-dollar-falls-by-most-in-13-months-on-rising-risk-aversion-financial.md) | +0.6% | -4.7% |
| WTI | 2020-10-01 | [Oil prices drop as Trump announces positive test for coronavirus; yen strengthens against dollar](https://feedsoft.ai/events/50869-oil-prices-drop-as-trump-announces-positive-test-for-coronavirus-yen.md) | -0.6% | -7.0% |
| WTI | 2021-11-19 | [OIL FUTURES: Prices slide amid European lockdowns, stronger US dollar \| S&P Global](https://feedsoft.ai/events/11826-oil-futures-prices-slide-amid-european-lockdowns-stronger-us-dollar-s-and-p.md) | -5.3% | -10.2% |
| WTI | 2025-09-19 | [Crude oil trades lower as Trump pledges support for post-war peace between Russia and Ukraine - The HinduBusinessLine](https://feedsoft.ai/events/22974-crude-oil-trades-lower-as-trump-pledges-support-for-post-war-peace-between.md) | +2.4% | -9.1% |
| WTI | 2026-04-10 | [Dollar set for weekly drop ahead of US-Iran peace talks](https://feedsoft.ai/events/11159-dollar-set-for-weekly-drop-ahead-of-us-iran-peace-talks.md) | -3.2% | -1.9% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/canadian-dollar-struggles-for-clear-direction-amid-ukraine-uncertainty

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