• The Canadian Dollar took a plunge on Crude Oil weakness on Tuesday.
• Canada is almost entirely absent from the economic calendar this week.
• Geopolitical headlines about Israel-Hezbollah ceasefire stabilize energy markets.

The Canadian Dollar (CAD) got knocked lower on Tuesday, declining to a fresh four-plus-year low point against the Greenback. The economic calendar was a thin affair on Tuesday, with markets broadly focused on geopolitical events and renewed tariff threats from incoming US President Donald Trump.

Canada is almost entirely absent from the economic calendar this week, with Loonie traders forced to wait until Friday for Canadian quarterly growth figures. The CAD has been left exposed to broad market flows in the meantime, keeping USD/CAD bid into the attic.