Geopolitics Alpha

Canadian Dollar Strengthens as Yields, Oil Pressure USD

Published . Updated .

Key takeaways

  • USD/CAD is giving back ground after two days of advances, trading near 1.3970 during Asian hours on Wednesday.
  • Exposed: USO, XLE, BWET, EWC, XOM
  • Market reaction: price tracking starts with the next trading session.

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ENERGYCanadian Dollar Strengthens asYields, Oil Pressure USDGEOPOLITICS ALPHA

USD/CAD is giving back ground after two days of advances, trading near 1.3970 during Asian hours on Wednesday. The move lower in the pair coincides with broad US Dollar (USD) weakness and falling US Treasury yields across maturities.

Directly affected

  • No company is named in this report.

Indirectly affected

  • USO United States Oil Fund+6.3% 30d

    United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.

  • XLE Energy Select Sector SPDR+6.9% 30d

    Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story.

  • BWET Breakwave Tanker Shipping ETF-3.3% 17d

    Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “oil” (tanker shipping) in this story.

  • EWC iShares MSCI Canada ETF+0.9% 30d

    iShares MSCI Canada ETF holds stocks listed in Canada, which this story is about (“canadian”).

  • AAXJ iShares MSCI All Country Asia ex Japan ETF-7.7% 14d

    iShares MSCI All Country Asia ex Japan ETF holds stocks listed in Asia, which this story is about (“asian”).

  • XOM ExxonMobil Holdings+2.0% 16d

    ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.

  • CVX Chevron+9.6% 30d

    Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.

  • COP ConocoPhillips+11.6% 30d

    ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
USO+5.38%+6.75%baseafter closeafter closeafter closeafter close
XLE+2.64%+4.95%baseafter closeafter closeafter closeafter close
BWET+7.18%+11.56%baseafter closeafter closeafter closeafter close
EWC+2.17%+0.68%baseafter closeafter closeafter closeafter close
AAXJ+3.95%+0.02%baseafter closeafter closeafter closeafter close
XOM+2.57%+5.49%baseafter closeafter closeafter closeafter close
CVX+1.76%+4.58%baseafter closeafter closeafter closeafter close
COP+3.21%+6.66%baseafter closeafter closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Canadian Dollar Strengthens as Yields, Oil Pressure USD TradingPedia

Source: TradingPedia

Price since this story was published: United States Oil Fund (USO)

CompanyWhenMoveStatus
AAXJthree days earlier+0.02%final price
AAXJfive days earlier+3.95%final price
Amplify Commodity Trust (BWET)three days earlier+11.56%final price
Amplify Commodity Trust (BWET)five days earlier+7.18%final price
Conocophillips (COP)three days earlier+6.66%final price
Conocophillips (COP)five days earlier+3.21%final price
Chevron (CVX)three days earlier+4.58%final price
Chevron (CVX)five days earlier+1.76%final price
Ishares Msci Canada Etf (EWC)three days earlier+0.68%final price
Ishares Msci Canada Etf (EWC)five days earlier+2.17%final price
United States Oil Fund (USO)three days earlier+6.75%final price
United States Oil Fund (USO)five days earlier+5.38%final price
Select Sector Spdr Tr (XLE)three days earlier+4.95%final price
Select Sector Spdr Tr (XLE)five days earlier+2.64%final price
ExxonMobil Holdings (XOM)three days earlier+5.49%final price
ExxonMobil Holdings (XOM)five days earlier+2.57%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Who gains and who loses around United States Oil Fund (USO)

Companies carried with this story

  • USO United States Oil Fund

    In “Canadian Dollar Strengthens as Yields, Oil Pressure USD,” United States Oil Fund (USO) is linked, with no stored direction, medium confidence. Reason on file: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story

  • XLE Select Sector Spdr Tr

    Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Canadian Dollar Strengthens as Yields, Oil Pressure USD.” Reason on file: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story

  • BWET Amplify Commodity Trust

    For “Canadian Dollar Strengthens as Yields, Oil Pressure USD,” Amplify Commodity Trust (BWET) is linked, with no stored direction, medium confidence. Reason on file: Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “oil” (tanker shipping) in this story

  • EWC Ishares Msci Canada Etf

    In “Canadian Dollar Strengthens as Yields, Oil Pressure USD,” Ishares Msci Canada Etf (EWC) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Canada ETF holds stocks listed in Canada, which this story is about (“canadian”)

  • XOM ExxonMobil Holdings

    ExxonMobil Holdings (XOM) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Canadian Dollar Strengthens as Yields, Oil Pressure USD.” Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story

  • CVX Chevron

    For “Canadian Dollar Strengthens as Yields, Oil Pressure USD,” Chevron (CVX) is linked, with no stored direction, medium confidence. Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story

  • COP Conocophillips

    In “Canadian Dollar Strengthens as Yields, Oil Pressure USD,” Conocophillips (COP) is linked, with no stored direction, medium confidence. Reason on file: ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story

  • SHEL Shell

    In “Canadian Dollar Strengthens as Yields, Oil Pressure USD,” Shell (SHEL) is linked, with no stored direction, medium confidence. Reason on file: Shell (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story

How energy news reaches United States Oil Fund (USO)

The 4 Nov 2026 story “Canadian Dollar Strengthens as Yields, Oil Pressure USD” names United States Oil Fund (USO) because of Energy.

What ties United States Oil Fund (USO) to the headline is this: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story

Also listed, Select Sector Spdr Tr (XLE): Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story

Price levels for United States Oil Fund (USO)

BWET traded between 788.51 and 1047.07 across 17 sessions. The latest close on file is 907.20. USO traded between 142.51 and 171.80 across 20 sessions. The latest close on file is 158.17. XLE traded between 63.05 and 70.15 across 20 sessions. The latest close on file is 66.70.

How solid “Canadian Dollar Strengthens as Yields, Oil Pressure USD” looks

46 out of 100

“Canadian Dollar Strengthens as Yields, Oil Pressure USD” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.