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The Canadian dollar edged higher against the US dollar as Canadians voted in a general election dominated by concerns over US trade tariffs. Oil settled 1.5% lower at $62.05 a barrel as the trade war stoked demand fears.
Trade-war demand concerns weighing on crude feed into energy and diesel costs for feed transport, while the loonie's moves affect the cost of Canadian canola meal to global buyers.
reuters.comFergal SmithApr 28, 2025Not enough comparable past events yet for a historical read.
After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% 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.
