# Loonie sinks to two-week low: Is this the start of another big drop? | CBC News

> The Canadian dollar fell to a two-week low against the U.S. dollar at about 77.11 U.S. cents as lower oil prices and global trade tensions weighed on the currency. Analysts warned the pressure could intensify next week around NAFTA talks and the expiry of Canada's exemption from U.S. steel and aluminum tariffs.

- Date: 2018-05-26 · published 2018-05-26T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/65242-loonie-sinks-to-two-week-low-is-this-the-start-of-another-big-drop-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-origin feed inputs and exports cheaper for U.S.-dollar buyers while currency-driven trade uncertainty clouds Canadian grain and canola export demand; the effect on feed prices is modest.

## Read by commodity

- WTI: bearish ▼
- USDCAD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2020-09-04 | [Oil drops nearly 4% to end the week lower, snapping four-week win streak](https://feedsoft.ai/events/7474-oil-drops-nearly-4-to-end-the-week-lower-snapping-four-week-win-streak.md) | -9.8% | -10.7% |
| WTI | 2020-02-28 | [US Dollar Index drops to 3-week lows near 98.40 ahead of US docket — Octa](https://feedsoft.ai/events/54776-us-dollar-index-drops-to-3-week-lows-near-98-40-ahead-of-us-docket-octa.md) | -2.6% | -61.0% |
| WTI | 2026-07-27 | [Canadian dollar hits near two-week low as oil prices drop \| Reuters](https://feedsoft.ai/events/18591-canadian-dollar-hits-near-two-week-low-as-oil-prices-drop-reuters.md) | -3.3% | -2.6% |
| WTI | 2023-12-12 | [What led to this fall's oil price slide — and what might come next \| CBC News](https://feedsoft.ai/events/32886-what-led-to-this-fall-s-oil-price-slide-and-what-might-come-next-cbc-news.md) | +1.7% | +0.6% |
| WTI | 2020-03-18 | [Loonie dips below 70 cents US as coronavirus impact lingers \| CBC News](https://feedsoft.ai/events/54356-loonie-dips-below-70-cents-us-as-coronavirus-impact-lingers-cbc-news.md) | -18.5% | -26.1% |

## Sources

- cbc.ca: https://www.cbc.ca/news/business/loonie-canadian-dollar-currency-1.4677993

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