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The USD/CAD pair closed Feb 27 at about 1.3649, down 0.21%, as WTI crude rose above $82 per barrel to multi-week highs. Investors priced in a higher chance of Fed rate cuts later in the year, which weighed on the dollar.
Higher crude supports the loonie through Canada's terms of trade, and firmer energy costs feed into diesel and fertilizer costs for feed producers.
exchangerates.org.ukDave TaylorFeb 28, 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.
