The Canadian dollar is in trouble. Oil prices have taken a hit, and the loonie's now posting its longest daily losing streak in over a decade—marking 10 straight months of downside pressure. For crypto traders watching macro trends, this kind of commodity-driven currency weakness is a key signal. When traditional assets like crude oil weaken, it typically signals broader economic headwinds. The oil-CAD correlation remains tight, and this extended slide could reshape capital flows and risk appetite across emerging market assets. Worth monitoring if you're tracking how macro conditions influence digital asset volatility.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 9
  • Repost
  • Share
Comment
0/400
HodlTheDoorvip
· 2h ago
The Canadian dollar has really taken a backseat this time. When oil prices drop, the entire economy seems off-balance. This actually serves as a good indicator for us in crypto trading.
View OriginalReply0
DuckFluffvip
· 01-08 19:13
The Canadian dollar has really taken a hit this time, with ten months of continuous decline... When oil prices drop, the entire economic signal gets messed up.
View OriginalReply0
MidnightGenesisvip
· 01-08 00:45
On-chain data shows that the Canadian dollar is indeed weakening. From a code perspective, the correlation between oil prices and the Canadian dollar remains very tight. An interesting point is that this macro pressure often transmits to digital asset flows within 24 hours, making it worth monitoring.
View OriginalReply0
MEVvictimvip
· 01-08 00:45
Loonie collapsed, and oil prices are underperforming... Now Canadian brothers are probably worried. The macro indicator has given us a signal; we might really need to reconfigure our assets this time.
View OriginalReply0
bridgeOopsvip
· 01-08 00:43
The Canadian dollar has dropped again... Oil prices took a hit, triggering a chain reaction. We really need to keep a close eye on this wave; macro factors are having a huge impact on the crypto market's rhythm.
View OriginalReply0
Degen4Breakfastvip
· 01-08 00:41
The Canadian dollar really can't hold up this time, declining for 10 months in a row... The weak oil prices directly dragged it down, and this signal shouldn't be underestimated in our crypto circle.
View OriginalReply0
GasFeeBarbecuevip
· 01-08 00:38
The Canadian dollar has been falling for so long, and oil prices haven't improved... Now, that's good news, funds are starting to shift towards digital assets. Is the opportunity here?
View OriginalReply0
just_vibin_onchainvip
· 01-08 00:24
The Canadian dollar is dropping quite sharply. Now the linkage between oil prices and the crypto market is about to resume.
View OriginalReply0
DeFiCaffeinatorvip
· 01-08 00:21
The Canadian dollar plummeted in this wave... oil prices underperformed and just gave up, the longest consecutive decline in ten years. We must keep a close eye on the macro front.
View OriginalReply0
View More
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)