Forex

Canadian Dollar Weighed Down by Crude Oil Price Decline

Guavy AI Editorial Team Published July 27, 2026

Instruments

CAD

The Canadian dollar softened slightly against its US counterpart on Monday morning, trading at US$0.7087 or C$1=US$1.4110.

This change comes after a pause in fighting between the US and Iran over the weekend weighed heavily on crude oil prices, affecting Canada's energy-linked currency.

The West Texas Intermediate (WTI) price decreased by 5.6% to US$84.29 per barrel, contributing to the pressure on the Canadian dollar.

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