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The Canadian dollar fell to its weakest level since March 2020 at 1.4592 per U.S. dollar as Trump repeated tariff threats on Canada and Mexico. Trump said he would decide by day's end whether to impose a 25% tariff on Canadian and Mexican oil.
The Mexican peso fell 1.1% to 20.7260 per U.S. dollar.
Possible tariffs on Canadian and Mexican oil would affect energy costs and freight, which feed through to ag transport and processing margins. The currency moves signal growing trade-disruption risk for North American feed and grain flows.
ca.finance.yahoo.comFergal SmithJan 30, 2025Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 36 past bullish trade events, Crude Oil (WTI) moved a median +1.6% over 5 sessions (69% higher; middle half -2.0% to +4.5%), and +0.7% 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.
