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The Canadian dollar weakened against the U.S. dollar and other G10 currencies on December 6 as oil prices fell, even though Canada's October trade surplus widened to C$1.2 billion. U.S. crude was down 0.7% at $76.36 a barrel amid economic uncertainty and the Russian oil price cap.
Lower oil and currency moves add small pressure to Canadian export values, but the story describes routine price action rather than a new supply or demand shock.
brecorder.comReutersDec 6, 2022Not 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.
