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The Canadian dollar pulled back from a two-week high as crude oil fell nearly 1% to about $76 a barrel. Canadian wholesale trade data for October also showed a decline of about 1.1%.
Lower oil prices reduce the value of Canada's energy exports and weigh on the loonie, while softer wholesale trade signals weaker domestic demand. Both factors matter for currency-linked input costs in feed markets.
theglobeandmail.comReutersNov 23, 2023Not 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.
