# Higher crude oil prices pushes the Canadian dollar high; TSX essentially flat | National Business | chroniclejournal.com

> The Canadian dollar reached its highest level of September on September 19 as November crude rose $1.18 to US$70.77, near a July high. Crude gains followed a sizable US inventory draw and supply concerns tied to Iran and Hurricane Florence.

- Date: 2018-09-19 · published 2018-09-19T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/63277-higher-crude-oil-prices-pushes-the-canadian-dollar-high-tsx-essentially-flat
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Crude strength tied to supply disruptions and US inventory draws supports energy-linked currencies and raises biofuel and diesel input costs for feed and transport.

## Read by commodity

- WTI: bullish ▲
- USDCAD: bearish ▼

## Sources

- chroniclejournal.com: https://www.chroniclejournal.com/business/national_business/higher-crude-oil-prices-pushes-the-canadian-dollar-high-tsx-essentially-flat/article_e759e8fd-0a6b-55bd-868c-14d8e150fdba.html

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