Canadian dollar weakens as IMF cuts world growth outlook, data shows slowdown in China’s economy

Not enough comparable past events yet for a historical read.

After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% over 20.

• Mar 3, 2020Canadian dollar weakens as investors bet on Bank of Canada matching Fed rate cut - The Globe and Mail+0.3%
• Apr 29, 2026Canadian dollar steadies as oil lifts BoC rate hike bets - The Globe and Mail-0.1%
• Jun 22, 2022Dollar slips as global growth worries fester-0.0%
• Feb 26, 2025US dollar rises as economic, tariff outlook gauged+0.5%
• Apr 30, 2026Why now may be a good time to consider buying U.S. stocks using Canadian depositary receipts - The Globe and Mail-0.8%

After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.

• Dec 1, 2020Canadian dollar strengthens as economy grows at a record pace - The Globe and Mail+1.1%
• Feb 15, 2023Canadian dollar weakens as U.S. data boosts Fed rate hike prospects - The Globe and Mail-6.5%
• Jan 31, 2024Canadian dollar weakens as Fed rate signal offsets GDP gain - The Globe and Mail-6.0%
• May 1, 2019Canadian dollar weakens as Fed inflation view boosts greenback - The Globe and Mail-3.8%
• Feb 3, 2020Canadian dollar slides to two-month low as China virus hits oil demand - The Globe and Mail-2.4%