# Canadian Dollar Rises Amid Risk-On Mood

> The Canadian dollar strengthened against major currencies in Asian trade as stock markets rose after Democrats won control of both the US House and Senate. Crude oil prices fell on hopes of an end to the Middle East conflict. Concerns over tech regulation, trade policy and the US budget deficit weighed on sentiment.

- Date: 2026-11-05 · published 2026-11-05T09:09:15.796Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/81474-canadian-dollar-rises-amid-risk-on-mood
- 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 prices reduce energy-driven costs but also weaken the loonie, a commodity currency, which can shift the cost of imported Canadian and US feed inputs. The effect on grain and feed prices is limited.

## Read by commodity

- WTI: bearish ▼
- USDCAD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2023-05-30 | [Canadian dollar dips as oil prices fall more than 4%](https://feedsoft.ai/events/36186-canadian-dollar-dips-as-oil-prices-fall-more-than-4.md) | -0.4% | -6.6% |
| 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 | 2023-01-30 | [Risk aversion weighs on Canadian dollar ahead of Fed rate decision - The Globe and Mail](https://feedsoft.ai/events/38035-risk-aversion-weighs-on-canadian-dollar-ahead-of-fed-rate-decision-the-globe.md) | -7.9% | -5.2% |
| WTI | 2022-03-31 | [Canadian dollar shrugs off the oil drop](https://feedsoft.ai/events/42501-canadian-dollar-shrugs-off-the-oil-drop.md) | -10.6% | -2.2% |
| WTI | 2020-06-11 | [Canadian dollar slides as investor risk appetite wanes \| Financial Post](https://feedsoft.ai/events/52864-canadian-dollar-slides-as-investor-risk-appetite-wanes-financial-post.md) | -4.1% | +0.2% |

## Sources

- rttnews.com: https://www.rttnews.com/3710244/canadian-dollar-rises-amid-risk-on-mood.aspx

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