# Canadian dollar recovers from one-month low as risk appetite climbs - The Globe and Mail

> The Canadian dollar strengthened against the U.S. dollar, lagging other commodity-linked currencies but recovering from a one-month low. Wall Street hit record highs after White House adviser Larry Kudlow said the U.S. and China were nearing a trade deal. U.S. crude settled 1.7% higher at $57.72 a barrel.

- Date: 2019-11-15 · published 2019-11-15T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/56315-canadian-dollar-recovers-from-one-month-low-as-risk-appetite-climbs-the-globe
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Optimism over a U.S.-China trade deal supports commodity demand and the currencies of commodity exporters. Firmer oil prices also lift the loonie, which matters for Canadian export earnings.

## 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 | 2022-03-17 | [Canadian dollar climbs to 2-week high as FX volatility falls - The Globe and Mail](https://feedsoft.ai/events/42499-canadian-dollar-climbs-to-2-week-high-as-fx-volatility-falls-the-globe-and-mail.md) | +21.1% | +9.8% |
| WTI | 2021-07-28 | [Canadian dollar gains as Fed readies new money market facilities - The Globe and Mail](https://feedsoft.ai/events/46270-canadian-dollar-gains-as-fed-readies-new-money-market-facilities-the-globe-and.md) | -1.5% | -5.8% |
| WTI | 2023-02-23 | [Canadian dollar claws back some recent declines as oil rallies - The Globe and Mail](https://feedsoft.ai/events/37575-canadian-dollar-claws-back-some-recent-declines-as-oil-rallies-the-globe-and.md) | +4.9% | -4.3% |
| WTI | 2021-02-25 | [Canadian dollar retreats from three-year high as U.S. bond yields soar - The Globe and Mail](https://feedsoft.ai/events/48889-canadian-dollar-retreats-from-three-year-high-as-u-s-bond-yields-soar-the-globe.md) | -3.0% | -3.3% |

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/investing/markets/inside-the-market/market-news/article-canadian-dollar-steadies-as-us-china-trade-deal-hopes-climb/

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