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The Canadian dollar weakened to a two-month low against the US dollar on March 27 and was on track for a third weekly decline. Investors favored the greenback as Middle East war fears persisted, while US crude futures rose 4% to $98.29.
Safe-haven USD strength weakens the loonie, which tends to make Canadian canola meal cheaper for export buyers, while the crude move reflects the energy shock feeding through commodity markets.
reuters.comFergal SmithMar 27, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.
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.
