# USD/CAD Falls on Easing PPI, Energy Prices Come Into Focus

> The Canadian dollar gained modestly on August 30, 2021, as Statistics Canada reported July producer prices up 15.4% year over year but down 0.4% month over month. The second-quarter current account surplus came in at C$3.58 billion, above forecasts. October WTI fell 0.65% to $68.29 a barrel after Hurricane Ida shut U.S. Gulf production.

- Date: 2021-08-30 · published 2021-08-30T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/45796-usd-cad-falls-on-easing-ppi-energy-prices-come-into-focus
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Hurricane-related energy disruption and a stronger current account support the loonie, while crude price swings feed through to Canadian export revenues. Feed buyers see little direct grain price effect.

## Read by commodity

- WTI: bearish ▼
- NATGAS: neutral
- USDCAD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2021-08-19 | [Falling oil prices increase pressure on oilseed markets](https://feedsoft.ai/events/11363-falling-oil-prices-increase-pressure-on-oilseed-markets.md) | +4.7% | +11.1% |
| WTI | 2023-06-09 | [Falling commodity prices stoke fear of global recession](https://feedsoft.ai/events/6884-falling-commodity-prices-stoke-fear-of-global-recession.md) | -0.9% | +2.5% |
| WTI | 2025-07-24 | [Price Flip May Be Needed to Avert Emerging Oil Glut \| Energy Intelligence](https://feedsoft.ai/events/23927-price-flip-may-be-needed-to-avert-emerging-oil-glut-energy-intelligence.md) | +7.5% | -2.9% |
| WTI | 2024-07-19 | [Commodity prices falling for very different reasons - PricePedia](https://feedsoft.ai/events/4977-commodity-prices-falling-for-very-different-reasons-pricepedia.md) | -5.6% | -5.4% |
| WTI | 2017-09-27 | [US Shale, End Of OPEC Cuts Could Stifle Oil Prices In 2018 \| OilPrice.com](https://feedsoft.ai/events/69136-us-shale-end-of-opec-cuts-could-stifle-oil-prices-in-2018-oilprice-com.md) | -2.4% | +1.3% |
| NATGAS | 2024-03-28 | [US gas prices to be increasingly linked to international markets through LNG](https://feedsoft.ai/events/31397-us-gas-prices-to-be-increasingly-linked-to-international-markets-through-lng.md) | +13.4% | -1.3% |
| NATGAS | 2016-11-18 | [Nitrogen Producer Competitiveness Squeezed by $70 per Tonne in new Era of Energy Pricing](https://feedsoft.ai/events/74144-nitrogen-producer-competitiveness-squeezed-by-70-per-tonne-in-new-era-of-energy.md) | +14.2% | +38.1% |
| NATGAS | 2023-04-24 | [Volatility Still Lurking in Global Natural Gas Markets Despite Easing Prices](https://feedsoft.ai/events/36593-volatility-still-lurking-in-global-natural-gas-markets-despite-easing-prices.md) | +5.5% | +11.7% |

## Sources

- fxdailyreport.com: https://fxdailyreport.com/usd-cad-falls-on-easing-ppi-energy-prices-come-into-focus/

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