FXStreet put USD/CAD near 1.3990 in Tuesday Asian trading, but separate crude-price snapshots do not confirm the rebound the outlet cited as support for the Canadian dollar.
USD/CAD expresses how many Canadian dollars buy one U.S. dollar; at 1.3990, the rate is about C$1.40 per U.S. dollar. FXStreet published its update at 8:25 p.m. ET Monday (01:25 UTC Tuesday), listing West Texas Intermediate crude at $95.80 a barrel and describing a recovery after a nearly 7% decline in the prior session.
Reuters reported WTI at $96.62 a barrel at 12:24 p.m. ET (17:24 UTC) Monday, down $7.50, or 7.2%, for the session. It also recorded an intraday low of $96.44. The reports offer different price snapshots rather than a matched comparison, so they do not establish the rebound FXStreet described.
A historical series from Pound Sterling Live listed Monday’s USD/CAD close at 1.3973, a separate daily marker from the Asian-hours quote. The close and intraday figure do not establish whether the pair was moving higher or lower when FXStreet published its update.
Reuters attributed Monday’s oil decline to hopes for progress in talks involving Iran and Qatar. Qatar’s Foreign Ministry said Oct. 6 that it was mediating between Washington and Tehran, with messages being exchanged. Ibrahim bin Sultan Al Hashmi, the ministry’s director of media and communication, said “talks are ongoing.”
Canada’s crude trade shows the country’s exposure to oil markets, although the figures do not explain this particular currency quote. The Canada Energy Regulator reported that Canada exported 4.3 million barrels of crude per day in 2025. Of that amount, 3.9 million barrels per day, or 90.1%, went to the United States. Canada also supplied 63.4% of U.S. crude imports that year, the regulator said.
EconoTimes previously covered the Canadian dollar’s three-session advance on Oct. 30, when USD/CAD approached 1.3970.
The Federal Open Market Committee’s next scheduled meeting is Dec. 8-9.
