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The Canadian dollar strengthened against the US dollar after the Bank of Canada raised its benchmark rate 25 basis points to 2.50%, its first increase since July 2023. The Federal Reserve held its rate at 3.75%-4.00%, and the loonie traded near C$1.399 per US dollar while investors awaited US GDP and inflation data.
Currency moves like this alter the cost of Canadian-denominated exports and feed-ingredient purchases; a firmer loonie modestly eases import costs for Canadian buyers of US feed, while Canadian canola exports become slightly less competitive.
ca.investing.comJaiveer ShekhawatOct 29, 2026
investing.comJaiveer ShekhawatOct 29, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
