# Canadian dollar steadies as investors weigh officials' trade comments - The Globe and Mail

> The Canadian dollar held near a six-week high against the US dollar at about 1.3975 as oil prices fell sharply. Trump said his administration has a concept for a new trade deal with Canada, and Carney described a good conversation on trade.

- Date: 2026-11-02 · published 2026-11-02T21:11:25.552Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/75910-canadian-dollar-steadies-as-investors-weigh-officials-trade-comments-the-globe
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Lower crude weakens the commodity-linked loonie, while trade-deal progress limits tariff risk for Canadian exporters. Feed buyers see limited direct grain impact, but energy costs for freight and processing ease.

## Read by commodity

- WTI: bearish ▼
- USDCAD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-06-16 | [Canadian dollar falls as global central bank tightening spooks investors - The Globe and Mail](https://feedsoft.ai/events/41175-canadian-dollar-falls-as-global-central-bank-tightening-spooks-investors-the.md) | -8.7% | -14.2% |
| WTI | 2020-03-27 | [Canadian dollar pulls back from 10-day high as investor sentiment sours - The Globe and Mail](https://feedsoft.ai/events/54354-canadian-dollar-pulls-back-from-10-day-high-as-investor-sentiment-sours-the.md) | +37.1% | -32.8% |
| WTI | 2018-10-23 | [Canadian dollar shakes off plunge in oil as investors brace for BoC rate hike - The Globe and Mail](https://feedsoft.ai/events/62779-canadian-dollar-shakes-off-plunge-in-oil-as-investors-brace-for-boc-rate-hike.md) | -3.2% | -17.6% |
| WTI | 2019-04-26 | [Canadian dollar rises as U.S. growth composition weighs on greenback - The Globe and Mail](https://feedsoft.ai/events/59816-canadian-dollar-rises-as-u-s-growth-composition-weighs-on-greenback-the-globe.md) | -5.3% | -11.5% |
| WTI | 2023-11-07 | [Canadian dollar weakens despite wider trade surplus - The Globe and Mail](https://feedsoft.ai/events/33410-canadian-dollar-weakens-despite-wider-trade-surplus-the-globe-and-mail.md) | -3.2% | -11.3% |

## Sources

- kitco.com: https://www.kitco.com/news/off-the-wire/2026-11-02/canadian-dollar-steadies-investors-weigh-officials-trade-comments
- theglobeandmail.com: https://www.theglobeandmail.com/investing/article-canadian-dollar-steadies-as-investors-weigh-officials-trade-comments/

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