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The Canadian dollar edged lower on March 31 but held near its strongest level in over five weeks, with the currency up 0.8% for the month. Stronger-than-expected Canadian Q1 growth and rising equities supported the loonie as the U.S. dollar weakened broadly.
A firmer loonie against a softer U.S. dollar lowers the cost of Canadian-origin feed inputs and canola products priced in U.S. dollars, which can ease import costs for buyers.
kitco.comMar 31, 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.
