# Canadian Dollar Loses Touch with Oil Prices says RBC Capital

> RBC Capital Markets research finds the Canadian dollar responds far less to crude oil than it did a decade ago. The relationship is described as weakened and non-linear. ING argues the impact of lower oil prices on the currency is only delayed.

- Date: 2020-04-29 · published 2020-04-29T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/53867-canadian-dollar-loses-touch-with-oil-prices-says-rbc-capital
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

If the loonie tracks oil less closely, oil-driven swings in Canadian dollar import costs for feed buyers become less predictable.

## Read by commodity

- WTI: neutral
- USDCAD: neutral

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/cad/13197-chasing-canadian-dollar-lower-on-oil-price-narrative-no-longer-pays-says-rbc-capital

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