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The Canadian dollar strengthened against the US dollar on 4 November, with USD/CAD down 0.41% to about C$1.3948, while December WTI fell 0.93% to $95.20. Statistics Canada was scheduled to release September merchandise-trade figures later that day, following an August surplus of C$4.2 billion.
Canadian canola and oilseed export flows are tied to trade data and US tariff timing, and a firmer loonie can weigh on Canadian canola export competitiveness. Softer crude also reduces biofuel-linked demand support for vegetable oils.
fxnews.aiFXNews News DeskNov 4, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
