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The Canadian dollar edged up about 0.1% to 1.3240 per U.S. dollar after touching its weakest level since June 15. The U.S. dollar index hit a two-week high on solid U.S. labour data.
Traders were awaiting Canadian GDP and Bank of Canada survey releases.
A firmer loonie makes Canadian-origin feed and oilseed exports costlier for dollar buyers, which can mildly support prices for those origins. The move is small and mostly reflects U.S. dollar strength.
theglobeandmail.comFergal SmithJun 29, 2023Not 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.
