Canadian dollar weakens as oil falls, investors brace for Poloz

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.

• Mar 13, 2025Canadian dollar weakens as trade war spooks investors-0.5%
• Oct 23, 2018Canadian dollar shakes off plunge in oil as investors brace for BoC rate hike - The Globe and Mail-3.2%
• Jul 27, 2021Canadian dollar falls as China stock sell-off spooks investors | Financial Post-1.1%
• Oct 31, 2018Lower Oil Prices: Canadian Dollar Hits 7-Week Low | Investors King-6.0%
• Oct 21, 2021Canadian dollar falls by most in three weeks as oil stumbles | Financial Post-1.9%

Not enough comparable past events yet for a historical read.

After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.

• Jul 27, 2021Canadian dollar falls as China stock sell-off spooks investors | Financial Post-0.5%
• Nov 14, 2016Canadian dollar falls as investors buy into U.S. under Trump | CBC News+1.4%
• Jan 26, 2022Canadian dollar weakens as BoC foregoes rate hike | Financial Post+0.2%
• Jun 26, 2024Canadian dollar weakens as boost from CPI data fades | Kitco News+0.3%
• Sep 16, 2026Canadian dollar hits six-week low as investors bet on additional Fed rate hikes | Reuters+0.6%