Canadian dollar strengthens as economy grows at a record pace

After 1,637 past bearish macro events, DXY moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.

• Feb 26, 2019Canadian dollar strengthens as Fed’s patience bruises greenback - The Globe and Mail+0.5%
• Apr 26, 2019Canadian dollar rises as U.S. growth composition weighs on greenback - The Globe and Mail-0.2%
• Jul 28, 2021Canadian dollar gains as Fed readies new money market facilities - The Globe and Mail-0.4%
• May 25, 2022As U.S. economy’s exceptionalism fades, so does the dollar - The Globe and Mail+0.1%
• Jul 29, 2020Canadian dollar gains as investors sell greenbacks on ‘downbeat’ Fed - The Globe and Mail+0.4%

After 565 past bearish macro events, WTI moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.

• Jan 21, 2019Canadian dollar weakens as IMF cuts world growth outlook, data shows slowdown in China’s economy - The Globe and Mail-0.2%
• Nov 22, 2019Canadian dollar ends week lower as economic threat from CN strike builds - The Globe and Mail-2.2%
• Jan 31, 2024Canadian dollar weakens as Fed rate signal offsets GDP gain - The Globe and Mail-6.0%
• Dec 20, 2018The Canadian dollar and the price at the gas pump: Why you can’t win for losing - The Globe and Mail-6.7%
• Jul 30, 2026Canadian dollar rises to six-week high as greenback slides - The Globe and Mail-10.1%

Not enough comparable past events yet for a historical read.