# Canadian dollar dips as stocks and oil tumble on rising trade tensions - The Globe and Mail

> The Canadian dollar slipped to an 11-day low as escalating U.S.-China trade tensions weighed on stocks and oil. China raised tariffs by up to 25% on 128 U.S. products in response to U.S. steel and aluminum duties. U.S. crude settled nearly 3% lower at $63.01 a barrel.

- Date: 2018-04-02 · published 2018-04-02T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/65746-canadian-dollar-dips-as-stocks-and-oil-tumble-on-rising-trade-tensions-the
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Trade escalation between the two largest economies lowers risk appetite and crude prices, which can pressure energy-linked feed inputs and threaten agricultural export demand.

## Read by commodity

- WTI: bearish ▼
- USDCAD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2019-05-31 | [Oil Prices Slide on Trade Tensions and China Fears](https://feedsoft.ai/events/9884-oil-prices-slide-on-trade-tensions-and-china-fears.md) | -6.9% | +4.9% |
| WTI | 2019-08-05 | [Oil Slumps Into Bear Market as Trade Tensions Feed Demand Angst - Bloomberg](https://feedsoft.ai/events/10827-oil-slumps-into-bear-market-as-trade-tensions-feed-demand-angst-bloomberg.md) | -2.2% | -1.1% |
| WTI | 2019-05-24 | [Trade War Slams Crude Oil, Stocks and Bond Yields](https://feedsoft.ai/events/6609-trade-war-slams-crude-oil-stocks-and-bond-yields.md) | -2.1% | -1.6% |
| WTI | 2019-05-23 | [Oil plunges as US-China trade dispute heats up, Iran tension cools](https://feedsoft.ai/events/7395-oil-plunges-as-us-china-trade-dispute-heats-up-iran-tension-cools.md) | -4.2% | -12.5% |
| WTI | 2019-05-23 | [Oil Falls Below $60 on Rising U.S. Inventories and Trade Tension - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/6608-oil-falls-below-60-on-rising-u-s-inventories-and-trade-tension-energy-news-top.md) | -4.2% | -12.5% |

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/investing/markets/inside-the-market/market-news/article-canadian-dollar-firms-against-weaker-greenback-as-trade-tensions-rise/

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