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The Canadian dollar weakened to a two-month low against the US dollar on March 24 as safe-haven demand for the greenback offset the boost Canada would get from higher oil prices. The loonie traded at 1.3784 per US dollar.
Safe-haven USD demand outweighs the oil-price benefit to the CAD, which keeps Canadian oilseed meal competitively priced on world markets while crude stays elevated.
reuters.comFergal SmithApr 1, 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.
