# Loonie falls amid market turmoil, but experts see limited downside | CBC News

> The Canadian dollar fell after a global stock market plunge over the prior week dragged down the loonie and oil prices. As of Monday morning it was at 79.40 US cents, down from a high of 81.38 cents on Feb. 1.

- Date: 2018-02-12 · published 2018-02-12T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/66725-loonie-falls-amid-market-turmoil-but-experts-see-limited-downside-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

Feed buyers importing from or pricing in Canada face currency and energy-linked moves; a weaker loonie can lower Canadian-origin canola meal and barley costs in USD terms, while lower crude weighs on energy-linked costs.

## Read by commodity

- WTI: bearish ▼
- USDCAD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-04-25 | [Oil Price: Crude Down on China COVID Lockdowns and Fed Rate Outlook - Markets Insider](https://feedsoft.ai/events/42016-oil-price-crude-down-on-china-covid-lockdowns-and-fed-rate-outlook-markets.md) | +2.0% | +10.0% |
| WTI | 2022-06-13 | [ASX down nearly 4 per cent after Wall Street sell-off on inflation fears, S&P 500 falls into bear market - ABC News](https://feedsoft.ai/events/41207-asx-down-nearly-4-per-cent-after-wall-street-sell-off-on-inflation-fears-s-and.md) | -9.2% | -19.6% |
| 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 | 2022-07-31 | [Arab News \| Oil market shift to be marginally less tight](https://feedsoft.ai/events/40648-arab-news-oil-market-shift-to-be-marginally-less-tight.md) | -9.5% | -6.9% |
| WTI | 2022-07-12 | [Oil falls 8% as global recession fears spook market \| Oil and Gas News \| Al Jazeera](https://feedsoft.ai/events/40647-oil-falls-8-as-global-recession-fears-spook-market-oil-and-gas-news-al-jazeera.md) | -1.5% | -12.2% |

## Sources

- cbc.ca: https://www.cbc.ca/news/business/loonie-stocks-currency-1.4531711

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