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The Canadian dollar strengthened against the US dollar on April 25 as Canadian wage growth picked up and traders awaited US inflation data. The loonie traded 0.3% higher at 1.3665 per US dollar.
Currency moves tied to US inflation expectations shift the relative cost of Canadian feed grains and canola meal, but the effect on feed prices is modest in the short run.
theglobeandmail.comReutersApr 25, 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.
