Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Forex

Oil Price Slump Weighs on Loonie Amid US Tariff Tensions

Guavy AI Editorial Team
Instruments
USD CAD
Share

The Canadian Dollar (CAD) took a hit on Tuesday as oil prices plummeted and new US tariff tensions flared up. The USD/CAD exchange rate hovered around 1.3835, down 0.07% from the previous day.

The decline in oil prices weighed heavily on the Loonie, with West Texas Intermediate (WTI) falling 3.35% to $81.75 per barrel. This is a negative factor for Canada, as it's a major crude exporter.

However, the US Dollar also weakened due to improving market sentiment and mixed economic data. The US Dollar Index (DXY) fell 0.05% to 98.95.

More on Forex

Forex 1m ago

RBNZ Rate Hike Bets Cushion NZD's Decline Against US Dollar

Forex 2m ago

Housing Prices in Focus as RBA Weighs Next Rate Hike

Forex 2m ago

US Inflation Stays High Amid Trade Conflicts and Iran War

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. 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 Logo GUAVY

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy