# C$ dips as pickup in coronavirus cases weighs on sentiment | Financial Post

> The Canadian dollar weakened 0.1% against the US dollar on June 24 as rising coronavirus cases in several countries hit stock markets and oil. US crude fell 0.9% to $39.99 a barrel on record inventories and second-wave worries. A Reuters poll also projected slower Canadian house price growth.

- Date: 2020-06-24 · published 2020-06-24T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/52860-c-dips-as-pickup-in-coronavirus-cases-weighs-on-sentiment-financial-post
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Renewed virus spread weighs on fuel demand and risk sentiment, pressuring crude and the loonie. The impact on feed commodity prices is indirect.

## Read by commodity

- WTI: bearish ▼
- USDCAD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2020-03-30 | [Corn slumps as ethanol makers feel coronavirus constraints \| Financial Post](https://feedsoft.ai/events/54164-corn-slumps-as-ethanol-makers-feel-coronavirus-constraints-financial-post.md) | +64.1% | -28.3% |
| WTI | 2021-07-19 | [U.S. dollar, yen climb as Delta variant crushes risk sentiment \| Financial Post](https://feedsoft.ai/events/46301-u-s-dollar-yen-climb-as-delta-variant-crushes-risk-sentiment-financial-post.md) | +0.6% | -4.7% |
| WTI | 2021-10-21 | [Canadian dollar falls by most in three weeks as oil stumbles \| Financial Post](https://feedsoft.ai/events/44823-canadian-dollar-falls-by-most-in-three-weeks-as-oil-stumbles-financial-post.md) | -1.9% | -7.0% |
| WTI | 2020-10-26 | [Canadian dollar hits 10-day low as virus clips global outlook \| Financial Post](https://feedsoft.ai/events/50854-canadian-dollar-hits-10-day-low-as-virus-clips-global-outlook-financial-post.md) | -10.3% | +5.7% |
| WTI | 2020-07-28 | [Colombian peso hits lowest in a month on weak oil price \| Financial Post](https://feedsoft.ai/events/52400-colombian-peso-hits-lowest-in-a-month-on-weak-oil-price-financial-post.md) | -1.5% | +2.4% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/c-dips-as-pickup-in-coronavirus-cases-weighs-on-sentiment

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