Loading…
The Canadian dollar strengthened 0.2% to 1.3514 per US dollar on Thursday, outperforming G10 peers as oil climbed to its highest level of the year, with US crude settling 1.9% higher at $90.16. Wholesale trade rose 0.2% in July, below estimates.
Oil at $90 reflects tighter expected supply, which supports energy-linked feed and fuel costs, while a firmer loonie tracks the oil rally.
theglobeandmail.comFergal SmithSep 14, 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.
