# Lack of Fundamentals Leave Canadian Dollar Unchanged - ActionForex

> USD/CAD was almost unchanged at 1.3350 in early trading. West Texas crude fell to $47.05, its lowest since late November, after a 5.0 million barrel US inventory build. OPEC was considering extending its production cut by six months.

- Date: 2017-03-27 · published 2017-03-27T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/72219-lack-of-fundamentals-leave-canadian-dollar-unchanged-actionforex
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Weaker crude is pressuring the Canadian dollar and signals rising US supply, which keeps energy-linked price pressure on the market.

## Read by commodity

- WTI: bearish ▼
- USDCAD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2017-08-31 | [USD/CAD Canadian Dollar Lower After US GDP Improvement And Tax Reform Talk - ActionForex](https://feedsoft.ai/events/69712-usd-cad-canadian-dollar-lower-after-us-gdp-improvement-and-tax-reform-talk.md) | +6.8% | +12.3% |
| WTI | 2017-01-31 | [FED Disapointment Sees The US To Canadian Dollar Exchange Rate Slide](https://feedsoft.ai/events/73225-fed-disapointment-sees-the-us-to-canadian-dollar-exchange-rate-slide.md) | +0.7% | +2.6% |
| WTI | 2026-07-28 | [Canadian dollar rebounds from two-week low ahead of Fed decision \| Reuters](https://feedsoft.ai/events/18590-canadian-dollar-rebounds-from-two-week-low-ahead-of-fed-decision-reuters.md) | +2.0% | +5.9% |
| WTI | 2023-05-30 | [Canadian dollar dips as oil prices fall more than 4%](https://feedsoft.ai/events/36186-canadian-dollar-dips-as-oil-prices-fall-more-than-4.md) | -0.4% | -6.6% |
| WTI | 2020-01-29 | [The Canadian Dollar Is Unprepared for Coronavirus Impact on Bank of Canada Outlook](https://feedsoft.ai/events/55307-the-canadian-dollar-is-unprepared-for-coronavirus-impact-on-bank-of-canada.md) | -7.1% | -8.8% |

## Sources

- actionforex.com: https://www.actionforex.com/contributors/fundamental-analysis/6752-lack-of-fundamentals-leave-canadian-dollar-unchanged/

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