# Canadian Dollar May Fall as Crude Oil Eyes Downtrend Resumption? | Forex trading, free forex education | Forex.ca

> The Canadian dollar was the weakest major currency on Monday as crude oil resumed steep declines. Global stock markets fell sharply as coronavirus cases rose in South Korea and Italy. Traders began pricing a third Federal Reserve rate cut this year.

- Date: 2020-02-25 · published 2020-02-25T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/54812-canadian-dollar-may-fall-as-crude-oil-eyes-downtrend-resumption-forex-trading
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Falling oil prices and risk-off flows tend to weaken commodity currencies and pressure energy costs. Feed buyers should watch energy-linked input costs.

## Read by commodity

- WTI: bearish ▼
- USDCAD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-06-22 | [Australian Dollar Eyes BRICS Summit After Mixed PMI Data \| Forex trading, free forex education \| Forex.ca](https://feedsoft.ai/events/41210-australian-dollar-eyes-brics-summit-after-mixed-pmi-data-forex-trading-free.md) | +2.2% | -6.2% |
| WTI | 2023-05-30 | [Canadian dollar dips as oil prices fall more than 4%](https://feedsoft.ai/events/36186-canadian-dollar-dips-as-oil-prices-fall-more-than-4.md) | -0.4% | -6.6% |
| WTI | 2021-07-27 | [USD/JPY Drops on Haven Flows as Traders Brace for FOMC \| Forex trading, free forex education \| Forex.ca](https://feedsoft.ai/events/46302-usd-jpy-drops-on-haven-flows-as-traders-brace-for-fomc-forex-trading-free-forex.md) | -1.1% | -8.9% |
| WTI | 2022-10-31 | [Canadian dollar slips to six-day low as oil prices fall - The Globe and Mail](https://feedsoft.ai/events/39347-canadian-dollar-slips-to-six-day-low-as-oil-prices-fall-the-globe-and-mail.md) | +5.4% | -12.2% |
| WTI | 2025-08-19 | [Canadian dollar falls as inflation data fuels rate cut bets — TradingView News](https://feedsoft.ai/events/23556-canadian-dollar-falls-as-inflation-data-fuels-rate-cut-bets-tradingview-news.md) | +1.4% | +1.0% |

## Sources

- forex.ca: https://www.forex.ca/canadian-dollar-may-fall-as-crude-oil-eyes-downtrend-resumption/

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