# Canadian dollar weakens as IMF cuts world growth outlook, data shows slowdown in China’s economy - The Globe and Mail

> The Canadian dollar weakened against the US dollar on Monday after the IMF cut its 2019 world growth forecast to 3.5% and China's slowdown data emerged. Investors also worried about limited progress in US-China trade talks.

- Date: 2019-01-21 · published 2019-01-21T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/61321-canadian-dollar-weakens-as-imf-cuts-world-growth-outlook-data-shows-slowdown-in
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Weaker global growth and trade tension reduce expected demand for commodities, pressuring prices for oilseeds, grains and energy, while a firmer dollar tends to weigh on dollar-priced commodities.

## Read by commodity

- DXY: neutral
- WTI: bearish ▼
- USDCAD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-03-03 | [Canadian dollar weakens as investors bet on Bank of Canada matching Fed rate cut - The Globe and Mail](https://feedsoft.ai/events/54361-canadian-dollar-weakens-as-investors-bet-on-bank-of-canada-matching-fed-rate.md) | +0.3% | +5.5% |
| DXY | 2026-04-29 | [Canadian dollar steadies as oil lifts BoC rate hike bets - The Globe and Mail](https://feedsoft.ai/events/19934-canadian-dollar-steadies-as-oil-lifts-boc-rate-hike-bets-the-globe-and-mail.md) | -0.1% | +0.3% |
| DXY | 2026-04-30 | [Why now may be a good time to consider buying U.S. stocks using Canadian depositary receipts - The Globe and Mail](https://feedsoft.ai/events/19940-why-now-may-be-a-good-time-to-consider-buying-u-s-stocks-using-canadian.md) | -0.8% | -0.1% |
| DXY | 2022-06-22 | [Dollar slips as global growth worries fester](https://feedsoft.ai/events/41181-dollar-slips-as-global-growth-worries-fester.md) | -0.0% | +1.6% |
| DXY | 2025-02-26 | [US dollar rises as economic, tariff outlook gauged](https://feedsoft.ai/events/26223-us-dollar-rises-as-economic-tariff-outlook-gauged.md) | +0.5% | -1.0% |
| WTI | 2020-12-01 | [Canadian dollar strengthens as economy grows at a record pace - The Globe and Mail](https://feedsoft.ai/events/49874-canadian-dollar-strengthens-as-economy-grows-at-a-record-pace-the-globe-and-mail.md) | +1.1% | +5.9% |
| WTI | 2023-02-15 | [Canadian dollar weakens as U.S. data boosts Fed rate hike prospects - The Globe and Mail](https://feedsoft.ai/events/37578-canadian-dollar-weakens-as-u-s-data-boosts-fed-rate-hike-prospects-the-globe.md) | -6.5% | -14.7% |
| WTI | 2024-01-31 | [Canadian dollar weakens as Fed rate signal offsets GDP gain - The Globe and Mail](https://feedsoft.ai/events/32333-canadian-dollar-weakens-as-fed-rate-signal-offsets-gdp-gain-the-globe-and-mail.md) | -6.0% | +1.3% |

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/investing/markets/inside-the-market/market-news/article-canadian-dollar-weakens-as-imf-cuts-outlook-data-show-slowdown-in/

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