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The Canadian dollar fell 0.2% to 1.4524 per U.S. dollar on Friday, extending its monthly decline to the longest losing streak since 2016. Traders were bracing for U.S. tariffs on Canadian goods, including oil, which some expected might be exempted.
The 10-year yield hit a seven-week low at 3.062%.
A weaker loonie makes Canadian exports cheaper in dollar terms, and tariff fears raise the risk of a Canadian slowdown that could weigh on Canadian canola and oat export demand. Feed buyers should watch USD/CAD as a signal for Canadian grain and oilseed pricing.
reuters.comFergal SmithJan 31, 2025Not 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.
