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The Canadian dollar traded in a narrow range near 1.3470 per U.S. dollar ahead of Canadian GDP data. Oil fell 2.9% to $67.67 a barrel on expectations that Saudi Arabia would raise output.
Lower crude prices weigh on the loonie, but the move was limited and mainly reflects oil-market sentiment. Direct impact on feed commodities is small.
kitco.comSep 26, 2024Not enough comparable past events yet for a historical read.
Not 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.
