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The Canadian dollar had its worst day against the US dollar in over two months after Canada-US trade talks collapsed. Prime Minister Carney pledged to match US duties dollar for dollar.
The loonie fell as much as 0.6% to 1.3844 per US dollar.
An escalating trade war raises tariff costs and threatens the Canadian economic outlook. A weaker loonie increases the cost of US-sourced feed for Canadian buyers.
Not 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.