# Loonie rallies to three-month high as Canadians vote in general election

> The Canadian dollar climbed to a near three-month high against the US dollar on October 21 as investors grew optimistic about progress in US-China trade talks. Canadians voted in the federal general election that day. The S&P 500 neared a record high.

- Date: 2019-10-21 · published 2019-10-21T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/56797-loonie-rallies-to-three-month-high-as-canadians-vote-in-general-election
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Easing trade tensions support risk appetite and commodity-exporter currencies, while the loonie's strength raises the cost of Canadian-origin products for US buyers.

## Read by commodity

- WTI: neutral
- USDCAD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-10-17 | [Canadian dollar gains as investors weigh high inflation expectations - The Globe and Mail](https://feedsoft.ai/events/39353-canadian-dollar-gains-as-investors-weigh-high-inflation-expectations-the-globe.md) | -0.7% | +3.7% |
| WTI | 2023-07-28 | [Canadian dollar hits 2-week low as rate hikes ‘begin to bite’](https://feedsoft.ai/events/35272-canadian-dollar-hits-2-week-low-as-rate-hikes-begin-to-bite.md) | +1.8% | -1.0% |
| WTI | 2022-11-28 | [Canadian dollar posts biggest decline in six weeks as China outlook weighs - The Globe and Mail](https://feedsoft.ai/events/38906-canadian-dollar-posts-biggest-decline-in-six-weeks-as-china-outlook-weighs-the.md) | +4.6% | +4.2% |
| WTI | 2026-10-02 | [FOREX-Euro set for biggest weekly fall in months vs dollar as France fiscal trajectory weighs \| International](https://feedsoft.ai/events/9652-forex-euro-set-for-biggest-weekly-fall-in-months-vs-dollar-as-france-fiscal.md) | -3.1% | +10.5% |
| WTI | 2021-03-25 | [Mexican Peso Gains on Banxico Rate Hold, Sending USD/MXN Towards Key Support \| Forex trading, free forex education \| Forex.ca](https://feedsoft.ai/events/48327-mexican-peso-gains-on-banxico-rate-hold-sending-usd-mxn-towards-key-support.md) | -3.2% | +0.5% |

## Sources

- ca.finance.yahoo.com: https://ca.finance.yahoo.com/news/loonie-three-month-high-canadians-140154393.html

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