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The Canadian dollar rose 0.3% to 1.2730 per US dollar, its highest in more than three weeks, and posted a second straight weekly gain. Oil was up 0.5% at $114.70 a barrel as market volatility eased.
A firmer loonie makes Canadian-origin imports cheaper in US dollar terms and reflects steady commodity demand. The move is a routine currency update with limited direct effect on feed grain prices.
brecorder.comReutersMay 30, 2022Not 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.
