
A stronger-than-expected Canadian GDP report and firmer oil prices helped the loonie post its best week since May, near 1.398 per US dollar. Markets also trimmed bets on further Bank of Canada easing, while the US dollar weakened on Fed-cut expectations.
A stronger loonie lowers the Canadian-dollar cost of USD-priced feed imports, while firmer oil supports energy-linked currency flows.
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.