# LDN - Business

> Reuters reports the Canadian dollar touched its weakest level in 14 months near C$1.38 per US dollar, as speculators built the largest net short positions since February 2016. Pressures cited include lower crude prices, Fed-BoC policy divergence, and US trade threats.

- Date: 2017-05-11 · published 2017-05-11T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/71238-ldn-business
- 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 lowers Canadian export prices in US dollars and can pressure canola meal values, while falling oil also weighs on the energy complex.

## Read by commodity

- WTI: bearish ▼
- USDCAD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-03-16 | [Palm extends losses - Markets - Business Recorder](https://feedsoft.ai/events/5497-palm-extends-losses-markets-business-recorder.md) | +15.4% | +4.3% |
| WTI | 2024-09-23 | [Oil settles lower on weak euro zone business activity](https://feedsoft.ai/events/28479-oil-settles-lower-on-weak-euro-zone-business-activity.md) | -5.4% | -3.9% |
| WTI | 2022-04-29 | [Canadian dollar hits 7-week low - Business & Finance - Business Recorder](https://feedsoft.ai/events/42107-canadian-dollar-hits-7-week-low-business-and-finance-business-recorder.md) | +2.6% | +9.5% |
| WTI | 2019-02-21 | [Paradigm shift coming for oil industry  - Business in Vancouver](https://feedsoft.ai/events/60797-paradigm-shift-coming-for-oil-industry-business-in-vancouver.md) | +0.0% | +5.5% |
| WTI | 2017-11-29 | [Canadian dollar hits near 4-week low versus firmer US$ - The Business Times](https://feedsoft.ai/events/68198-canadian-dollar-hits-near-4-week-low-versus-firmer-us-the-business-times.md) | -0.6% | +2.9% |

## Sources

- archives.lincolndailynews.com: https://archives.lincolndailynews.com/2017/May/11/NEWS/business_t.shtml

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