Loonie rises to highest point in 2 years on vaccine optimism, oil prices

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.

• Nov 24, 2020Oil jumps 4%, hits highest level since March on vaccine optimism+3.7%
• Dec 2, 2020Canadian dollar notches a 2-year high on higher oil prices | Financial Post+2.4%
• Oct 30, 2017Diesel Climbs to Highest Price in More Than Two Years - TT+3.2%
• Oct 15, 2021Oil prices rise to three-year high on back of supply deficit forecasts+1.5%
• Jul 30, 2018Canadian dollar climbs to 7-week high on NAFTA optimism, oil rally - Financial Post-0.3%

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.

• Nov 24, 2020Oil jumps 4%, hits highest level since March on vaccine optimism+3.7%
• Oct 15, 2021Oil prices rise to three-year high on back of supply deficit forecasts+0.8%
• Jul 23, 2026Japan core inflation rate in June creeps up from 4-year low as higher oil prices bite-2.9%
• Nov 9, 2020Oil price crests $41 on vaccine-fueled market rally+8.7%
• Dec 12, 2016Canadian dollar above 76 cents US as oil surges to 1½-year high | CBC News+2.7%

Not enough comparable past events yet for a historical read.