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USD/CAD rose toward 1.4450 as Donald Trump said 25% tariffs on Canadian and Mexican goods would take effect March 4, dashing hopes of a delay. Crude oil fell to a two-month low on improving prospects for a Russia-Ukraine peace deal, and US Q4 GDP growth was confirmed at 2.3%.
Confirmed tariffs on Canadian goods and weaker oil prices pressure the loonie and Canadian export economics, while lower crude could weigh on biofuel-linked vegetable oil demand.
octaafrica.netFeb 28, 2025Not enough comparable past events yet for a historical read.
After 80 past bearish trade events, WTI moved a median -2.2% over 5 sessions (30% higher; middle half -6.9% to +0.8%), and -1.5% over 20.
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.
