Loading…
The Canadian dollar has weakened about 2.7% against the U.S. dollar since the start of the year, reaching 1.3602 per U.S. dollar. The move reflects broad strength in the greenback against major currencies.
The article discusses the Bank of Canada possibly diverging from the Federal Reserve.
A weaker loonie raises the U.S. dollar price of Canadian exports, which can support Canadian canola and other oilseed prices in local currency terms while modestly lowering feed costs for buyers in dollar terms.
reuters.comFergal SmithMay 17, 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.
