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The Canadian dollar fell to a near five-year low of 1.4444 per US dollar on Wednesday after the Fed delivered a widely expected rate cut with hawkish guidance. Domestic political uncertainty, threatened US tariffs and Bank of Canada easing added to the pressure.
Threatened US tariffs on Canadian goods raise the risk to Canadian agricultural and energy trade flows. A weaker loonie supports Canadian export volumes but signals trade-war risk for North American commodity markets.
reuters.comFergal SmithDec 18, 2024Not 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.
