# Canadian Dollar advances even as oil prices fall

> The Canadian dollar strengthened against the US dollar, with USD/CAD trading near 1.4110, despite crude oil prices retreating. Stronger-than-expected US payrolls and a lower unemployment rate lifted market expectations of a Federal Reserve rate hike, while traders awaited US inflation data.

- Date: 2026-11-09 · published 2026-11-10T00:22:33.393Z
- Category: macro · region Canada, United States · magnitude low
- Page: https://feedsoft.ai/events/90589-canadian-dollar-advances-even-as-oil-prices-fall
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Lower oil prices can weigh on the Canadian dollar, while expectations of higher US interest rates can support the US dollar; together, these forces influence the CAD and cross-border feed input costs. The article reports currency-market drivers but no direct change in agricultural supply or demand.

## Read by commodity

- WTI: bearish ▼
- USDCAD: neutral

## 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 | 2020-01-24 | [Canadian dollar slips as oil prices fall on China virus scare](https://feedsoft.ai/events/55301-canadian-dollar-slips-as-oil-prices-fall-on-china-virus-scare.md) | -6.1% | -3.9% |
| WTI | 2020-01-29 | [Canadian dollar nears seven-week low as oil prices fall - The Globe and Mail](https://feedsoft.ai/events/55300-canadian-dollar-nears-seven-week-low-as-oil-prices-fall-the-globe-and-mail.md) | -7.1% | -8.8% |
| WTI | 2021-12-15 | [Canadian dollar at nearly 3-month low as oil prices fall \| Reuters](https://feedsoft.ai/events/43853-canadian-dollar-at-nearly-3-month-low-as-oil-prices-fall-reuters.md) | +0.7% | +16.9% |
| WTI | 2022-10-31 | [Canadian dollar slips to six-day low as oil prices fall - The Globe and Mail](https://feedsoft.ai/events/39347-canadian-dollar-slips-to-six-day-low-as-oil-prices-fall-the-globe-and-mail.md) | +5.4% | -12.2% |

## Sources

- tmgapac.com: https://www.tmgapac.com/en-eu/analysis/market-news/article/canadian-dollar-gains-despite-lower-oil-prices-202611090236

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