Oil and U.S. dollar conspire to push down loonie as this week's gains lose some loft

After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.

• Oct 21, 2021Canadian dollar falls by most in three weeks as oil stumbles | Financial Post-1.9%
• Nov 18, 2022Canadian dollar extends weekly decline as oil prices slide | Financial Post-6.5%
• Mar 15, 2022Posthaste: Why the loonie has taken its foot off the gas during this oil boom - Financial Post+8.7%
• Mar 25, 2022Thai baht, Asian FX gain as oil prices come off the boil | Financial Post-11.6%
• Sep 9, 2020Dollar and yen rise as tech selloff sends investors to safety | Financial Post+3.9%

Not enough comparable past events yet for a historical read.