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The Canadian dollar was little changed near 1.37 per US dollar on June 20 as oil climbed to a seven-week high and traders positioned ahead of large option expiries. Crude oil futures rose 0.7% to about $82.15 a barrel.
Canadian bond yields moved higher alongside US Treasuries.
Higher oil supports the loonie and raises energy input costs, which can lift feed transport and processing costs. The currency move itself is minor and routine.
theglobeandmail.comReutersJun 20, 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.
