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Scotiabank says the USD/CAD rally above 1.38 looks extended after climbing from early-May lows near 1.3550. The bank attributes recent loonie weakness mainly to narrowing US-Canada yield spreads and reduced expectations for further Bank of Canada tightening after softer inflation.
Rate-spread-driven loonie weakness raises the USD cost of Canadian canola and barley exports, a small influence on feed import pricing.
exchangerates.org.ukDave TaylorMay 27, 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.
