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USD/CAD climbed near 1.4550 as Trump reiterated plans for 25% tariffs on Canada and Mexico starting February 1. The Bank of Canada governor warned a broad trade conflict would badly hurt Canadian activity.
Around 75% of Canadian exports go to the U.S.
Heavy exposure of Canadian exports to the U.S. makes tariffs a direct threat to Canadian grain, oilseed and meal flows. A weaker loonie could shift export competitiveness and pricing across Canadian feed ingredients.
fxstreet.comSagar DuaJan 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.
