Forex

Canadian Dollar Weakens as Crude Oil Prices Plummet

Guavy AI Editorial Team Published July 28, 2026

Instruments

USD CAD

The Canadian dollar lost some ground on Monday due to significant losses in crude oil prices.

Crude oil, tracked by West Texas Intermediate, fell 8.3% to $81.93 per barrel over the weekend, weighing heavily on the energy-linked currency.

The US Federal Reserve's interest rate announcement is scheduled for Wednesday, with analysts expecting no changes to rates but closely watching accompanying statements for hints at future moves.

The Wire

Keep reading for free.

You've read 3 free articles in the last 24 hours. Create a free account for unlimited access, no card required.

Create free account Already have an account? Sign in

No spam. Unsubscribe anytime.

Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

GUAVY

Real-time market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

Terms Privacy Policy