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The Canadian dollar recovered 0.65% on Friday after briefly hitting a multi-year low overnight on renewed tariff threats. The White House signaled tariffs on Canada and Mexico may not begin until March 1, easing market sentiment.
Canadian GDP for November contracted more than expected but had little market impact.
A delay in tariffs reduces near-term disruption risk for North American grain and oilseed trade, supporting stable export pricing. The tariff uncertainty, however, keeps volatility elevated for currency-linked feed prices.
fxstreet.comJoshua GibsonJan 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.
