# CANADA FX DEBT-C$ rebounds from 3-week low as BoC forgoes additional easing steps

> The Canadian dollar rebounded from a three-week low on September 9 after the Bank of Canada held its key rate at 0.25% and did not add stimulus. Equity markets and oil also rallied, with U.S. crude settling 3.5% higher at $38.05 a barrel. The loonie traded 0.6% higher at about 1.3153 per U.S. dollar.

- Date: 2020-09-09 · published 2020-09-09T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/51352-canada-fx-debt-c-rebounds-from-3-week-low-as-boc-forgoes-additional-easing-steps
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A stronger loonie on oil and equity gains raises the U.S.-dollar cost of Canadian exports. The rally in crude also supports energy-linked costs for feed production and transport.

## Read by commodity

- WTI: bullish ▲
- USDCAD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2021-12-03 | [Canadian dollar rebounds from 10-week low after jobs surge - The Globe and Mail](https://feedsoft.ai/events/43857-canadian-dollar-rebounds-from-10-week-low-after-jobs-surge-the-globe-and-mail.md) | +6.5% | +13.1% |
| WTI | 2022-03-08 | [Canadian dollar decouples from oil, adding to BoC inflation headaches \| Reuters](https://feedsoft.ai/events/42497-canadian-dollar-decouples-from-oil-adding-to-boc-inflation-headaches-reuters.md) | -13.5% | -13.4% |
| WTI | 2021-09-28 | [Canadian dollar retreats from 3-week high as bond yields climb \| Financial Post](https://feedsoft.ai/events/45281-canadian-dollar-retreats-from-3-week-high-as-bond-yields-climb-financial-post.md) | +2.8% | +11.7% |
| WTI | 2021-12-10 | [Canadian dollar set to end weekly losing streak as oil rallies \| Financial Post](https://feedsoft.ai/events/43855-canadian-dollar-set-to-end-weekly-losing-streak-as-oil-rallies-financial-post.md) | +2.1% | +11.4% |
| WTI | 2021-08-30 | [US Dollar Weakens as Dovish Fed Lifts Stocks, Bonds, Commodities and Other Currencies. Where To From Here? \| Forex trading, free forex education \| Forex.ca](https://feedsoft.ai/events/45482-us-dollar-weakens-as-dovish-fed-lifts-stocks-bonds-commodities-and-other.md) | +0.8% | +9.7% |

## Sources

- finance.yahoo.com: https://finance.yahoo.com/news/canada-fx-debt-c-rebounds-194318807.html

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