Canadian dollar rallies as air of calm returns to financial markets

After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.

• Jul 28, 2021Canadian dollar gains as Fed readies new money market facilities - The Globe and Mail-1.5%
• Dec 16, 2021Canadian dollar rallies as more central banks move on inflation - The Globe and Mail+2.7%
• Feb 19, 2020Canadian dollar gains as oil rallies on Chinese stimulus hopes - The Globe and Mail-4.3%
• Feb 23, 2023Canadian dollar claws back some recent declines as oil rallies - The Globe and Mail+4.9%
• Apr 29, 2026Canadian dollar steadies as oil lifts BoC rate hike bets - The Globe and Mail+2.2%

After 323 past bullish macro events, Crude Oil (Brent) moved a median +0.7% over 5 sessions (58% higher; middle half -2.9% to +3.7%), and +1.3% over 20.

• Jul 31, 2023Canadian dollar notches monthly gain as commodity currencies rally - The Globe and Mail+2.4%
• Nov 10, 2021Canadian dollar outperforms G10 peers as oil clings to recent gains | Financial Post-2.4%
• Jun 30, 2017Canadian Dollar Exchange Rates Boosted As GDP Comes In On Forecast And Oil Boosts The CAD+2.3%
• Jul 3, 2018Rupee tanks to new 5-year low against US dollar: 5 key reasons - Market News | The Financial Express+0.7%
• Jan 29, 2024Canadian Dollar hesitates with Canada GDP, US Fed rate call in the pipe-6.0%

Not enough comparable past events yet for a historical read.