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The Canadian dollar was little changed on Thursday, the only G10 currency not to lose ground against the US dollar, as Wall Street recovered from its lows. Oil settled 4.6% lower at $81.64 a barrel as rising COVID cases in China weighed on demand.
Canadian bond yields were higher.
Falling oil on weaker China demand expectations lowers energy input costs, though the impact on feed grain prices is limited. The loonie's resilience reflects equity market tracking rather than commodity drivers.
theglobeandmail.comFergal Smith17 nov 2022Tras 565 eventos bajista de macro pasados, Petróleo crudo (WTI) se movió una mediana de -1,4 % en 5 sesiones (41% al alza; mitad central entre -5,9 % y +3,0 %), y -0,5 % en 20.
Todavía no hay suficientes eventos comparables pasados para una lectura histórica.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
