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The Canadian dollar rose to a near five-month high against the US dollar as commodity prices firmed, offsetting preliminary Canadian data showing a steep drop in factory sales last month. Oil edged higher for a sixth straight day on concerns about supply disruptions from Venezuela and Russia.
A firmer loonie tied to oil strength makes Canadian-priced inputs and imports cheaper for feed buyers, while oil-driven currency moves have limited direct impact on grain and oilseed prices.
reuters.comFergal SmithJan 1, 2026Not 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.
