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The Canadian dollar rebounded on Monday from a two-week low against the US dollar. Brent crude rose above $90 a barrel on renewed US-Iran tensions around the Strait of Hormuz, and month-end hedging also supported the loonie.
Gains were capped by rising bets on a September Fed rate hike.
Higher oil prices support the loonie, which slightly lowers Canadian import costs for dollar-priced feed. The move is routine currency commentary with no major new trade or supply shock.
investing.comJaiveer ShekhawatAug 31, 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.
