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The Canadian dollar fell to nearly a four-month low on March 30 as the Middle East conflict continued and Trump warned Iran's energy plants would be destroyed if the Strait of Hormuz was not reopened. Brent crude traded 3.9% higher at $103.49 a barrel.
Concerns that the energy shock will slow growth weigh on the loonie, and a weaker CAD makes Canadian canola meal more competitive, while high crude supports vegetable oil and biofuel demand.
ca.marketscreener.comReutersMar 30, 2026Not enough comparable past events yet for a historical read.
After 656 past bullish geopolitics events, Crude Oil (Brent) moved a median +1.9% over 5 sessions (63% higher; middle half -2.7% to +6.6%), and +0.7% over 20.
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.
