# Canadian dollar steadies near three-year high ahead of Fed meeting - The Globe and Mail

> The Canadian dollar was little changed near 1.2466 per US dollar, close to its strongest level since February 2018, ahead of a Federal Reserve meeting. Oil prices fell, with US crude settling 0.3% lower at $65.39 a barrel, after Canada added more jobs than expected in February.

- Date: 2021-03-15 · published 2021-03-15T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/48369-canadian-dollar-steadies-near-three-year-high-ahead-of-fed-meeting-the-globe
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Pre-Fed positioning and a firmer loonie affect the cost of Canadian-origin commodities priced in US dollars. Lower oil reduces energy costs for transport and processing.

## Read by commodity

- WTI: bearish ▼
- USDCAD: neutral

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/investing/markets/inside-the-market/market-news/article-canadian-dollar-retreats-from-three-year-high-as-fed-meeting-looms/

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