# Loonie, one of the big losers of 2018, remains 'expensive,' experts say | CBC News

> The Canadian dollar fell nearly 8% against the US dollar in 2018, losing almost 6% in the fourth quarter amid falling oil, trade tensions and a stronger US dollar. It had risen about 1% early in 2019 to around 74 US cents, and analysts see it as still expensive.

- Date: 2019-01-04 · published 2019-01-04T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/61326-loonie-one-of-the-big-losers-of-2018-remains-expensive-experts-say-cbc-news
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A weaker loonie makes Canadian exports cheaper and supports Canadian-origin commodity competitiveness, while the 2018 oil slump shows how energy weakness transmits to currency and export pricing.

## Read by commodity

- WTI: neutral
- USDCAD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2017-09-15 | [Russia set records in the export of grain](https://feedsoft.ai/events/68820-russia-set-records-in-the-export-of-grain.md) | +1.4% | +1.5% |
| WTI | 2020-09-30 | [Arab News \| Oil prices ‘likely to remain static despite output cuts’](https://feedsoft.ai/events/51279-arab-news-oil-prices-likely-to-remain-static-despite-output-cuts.md) | +3.7% | +0.8% |
| WTI | 2017-03-30 | [Why the outlook for the loonie is such a bummer - The Globe and Mail](https://feedsoft.ai/events/72214-why-the-outlook-for-the-loonie-is-such-a-bummer-the-globe-and-mail.md) | +3.4% | -1.1% |
| WTI | 2023-03-08 | [Ethanol exports up sharply on month - Brownfield Ag News](https://feedsoft.ai/events/36841-ethanol-exports-up-sharply-on-month-brownfield-ag-news.md) | -9.2% | +2.9% |
| WTI | 2024-12-21 | [Why is the Indian rupee falling against the US dollar? \| Explained News - The Indian Express](https://feedsoft.ai/events/27232-why-is-the-indian-rupee-falling-against-the-us-dollar-explained-news-the-indian.md) | +2.7% | +9.0% |

## Sources

- cbc.ca: https://www.cbc.ca/news/business/loonie-canadian-dollar-1.4964691

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