# Oil gain helps strengthen C$ at end of tough week - The Business Times

> The Canadian dollar gained slightly against the US dollar on the last trading day of the week but posted its sharpest weekly decline since May, losing more than 2 per cent. The currency had hit a nearly two-month low before rising oil prices supported it.

- Date: 2017-03-05 · published 2017-03-05T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/72220-oil-gain-helps-strengthen-c-at-end-of-tough-week-the-business-times
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Currency moves tied to oil and central bank divergence affect the cost of Canadian oilseed and grain exports for dollar-based buyers.

## Read by commodity

- WTI: bullish ▲
- USDCAD: neutral

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/oil-gain-helps-strengthen-c-end-tough-week

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