# Canadian Dollar gains as falling Treasury yields, rising oil weigh on USD/CAD

> USD/CAD fell to around 1.3970 as the US dollar weakened and Treasury yields dropped, with the 10-year yield down six basis points to 4.90%. Crude oil rose while investors weighed ongoing US-Iran peace negotiations and mixed signals about possible military action.

- Date: 2026-11-04 · published 2026-11-04T06:08:39.290Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/79197-canadian-dollar-gains-as-falling-treasury-yields-rising-oil-weigh-on-usd-cad
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Higher crude prices support the commodity-linked Canadian dollar, which feeds into Canadian canola and other export competitiveness. Oil strength also raises energy and diesel costs for feed transport and processing.

## Read by commodity

- WTI: bullish ▲
- USDCAD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-02-11 | [Canadian dollar adds to weekly gain as oil prices climb](https://feedsoft.ai/events/42920-canadian-dollar-adds-to-weekly-gain-as-oil-prices-climb.md) | +2.1% | +21.7% |
| WTI | 2026-07-31 | [Canadian Dollar retreats as USD recovers on Fed, Middle East risks](https://feedsoft.ai/events/18587-canadian-dollar-retreats-as-usd-recovers-on-fed-middle-east-risks.md) | -9.5% | +1.7% |
| WTI | 2024-08-26 | [Canadian dollar strengthens to 5-month high as oil rallies](https://feedsoft.ai/events/29033-canadian-dollar-strengthens-to-5-month-high-as-oil-rallies.md) | -1.7% | -5.9% |
| WTI | 2020-02-19 | [Canadian dollar gains as oil rallies on Chinese stimulus hopes - The Globe and Mail](https://feedsoft.ai/events/54806-canadian-dollar-gains-as-oil-rallies-on-chinese-stimulus-hopes-the-globe-and.md) | -4.3% | -48.2% |
| WTI | 2021-02-25 | [Canadian dollar retreats from three-year high as U.S. bond yields soar - The Globe and Mail](https://feedsoft.ai/events/48889-canadian-dollar-retreats-from-three-year-high-as-u-s-bond-yields-soar-the-globe.md) | -3.0% | -3.3% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/canadian-dollar-gains-as-falling-treasury-yields-rising-oil-weigh-on-usd-cad-202611040353

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