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The Canadian dollar was little changed near a three-month low of about 1.3585 per US dollar. Bank of Canada Senior Deputy Governor Carolyn Rogers stressed weak productivity, and oil fell as investors weighed the loss of Russian refinery capacity after Ukrainian attacks.
Weak domestic productivity and an economy expected to barely grow keep the loonie under pressure, while oil moves give partial support. Feed commodity impact is limited.
theglobeandmail.comReutersMar 26, 2024After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.
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.
