# Canadian dollar slides as investor risk appetite wanes | Financial Post

> The Canadian dollar weakened 0.6% against the US dollar on June 11 as world shares fell after a gloomy Federal Reserve outlook. Oil dropped 6.6% to $36.97 a barrel amid a record US crude inventory build. Canadian bond yields fell and Ottawa is rolling out over C$150 billion in direct aid.

- Date: 2020-06-11 · published 2020-06-11T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/52864-canadian-dollar-slides-as-investor-risk-appetite-wanes-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

A weaker oil price and risk-off sentiment pressure the loonie and energy-linked costs. The Fed's outlook affects broader markets, but the direct feed price impact is small.

## Read by commodity

- WTI: bearish ▼
- USDCAD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2021-07-27 | [Canadian dollar falls as China stock sell-off spooks investors \| Financial Post](https://feedsoft.ai/events/46272-canadian-dollar-falls-as-china-stock-sell-off-spooks-investors-financial-post.md) | -1.1% | -8.9% |
| WTI | 2022-11-18 | [Canadian dollar extends weekly decline as oil prices slide \| Financial Post](https://feedsoft.ai/events/38908-canadian-dollar-extends-weekly-decline-as-oil-prices-slide-financial-post.md) | -6.5% | -9.1% |
| 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 | 2020-09-09 | [Dollar and yen rise as tech selloff sends investors to safety \| Financial Post](https://feedsoft.ai/events/51342-dollar-and-yen-rise-as-tech-selloff-sends-investors-to-safety-financial-post.md) | +3.9% | +10.1% |
| WTI | 2020-04-03 | [Canadian dollar forecasts slashed, bracing for recession \| Financial Post](https://feedsoft.ai/events/53865-canadian-dollar-forecasts-slashed-bracing-for-recession-financial-post.md) | -9.4% | -19.0% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/canadian-dollar-slides-as-investor-risk-appetite-wanes

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