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The Canadian dollar edged higher against the US dollar on March 31 after nearly hitting a four-month low, as Canadian GDP data showed unexpected growth at the start of the year. The loonie still fell about 2% over March, its biggest monthly decline since December 2024.
A weaker loonie makes Canadian-origin feed inputs such as canola meal cheaper for importers, while safe-haven USD demand and narrowing rate differentials point to continued pressure on USD/CAD toward 1.40.
marketscreener.comReutersMar 31, 2026Not enough comparable past events yet for a historical read.
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.
