# Year-end flows drive C$, oil remains firm | Reuters

> The Canadian dollar and oil held firm into year-end as currency flows and expectations for US payrolls shaped trading. The dollar sat near a three-week low ahead of the data. The report also mentions a UK election outcome.

- Date: 2016-12-28 · published 2016-12-28T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/73699-year-end-flows-drive-c-oil-remains-firm-reuters
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Currency moves ahead of US data shift the cost of Canadian commodity exports, and firm oil supports vegetable oil and biofuel values.

## Read by commodity

- WTI: bullish ▲
- USDCAD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2021-10-11 | [Oil settles up 1.5%; hits multi-year highs on surging demand \| Reuters](https://feedsoft.ai/events/44717-oil-settles-up-1-5-hits-multi-year-highs-on-surging-demand-reuters.md) | +3.6% | +2.2% |
| WTI | 2026-06-01 | [Analysts hike oil forecasts again as energy flows face slow recovery: Reuters poll](https://feedsoft.ai/events/19426-analysts-hike-oil-forecasts-again-as-energy-flows-face-slow-recovery-reuters.md) | +3.5% | -20.5% |
| WTI | 2025-01-27 | [Renewed inflation worries help drive oil price rally \| Reuters](https://feedsoft.ai/events/26662-renewed-inflation-worries-help-drive-oil-price-rally-reuters.md) | -2.8% | -5.2% |
| WTI | 2022-02-03 | [Canadian dollar forecasts turn more bullish as oil hits 7-year high: Reuters poll](https://feedsoft.ai/events/42925-canadian-dollar-forecasts-turn-more-bullish-as-oil-hits-7-year-high-reuters-poll.md) | +1.6% | +22.1% |
| WTI | 2026-09-11 | [Dollar holds gains, yen slips as Mideast energy shock deepens \| Reuters](https://feedsoft.ai/events/17643-dollar-holds-gains-yen-slips-as-mideast-energy-shock-deepens-reuters.md) | -0.4% | -7.0% |

## Sources

- reuters.com: https://www.reuters.com/article/canada-forex-idUSL1N1EN15N/?feedName=usDollarRpt&feedType=RSS

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