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The Canadian dollar weakened on Friday as investors shed risk ahead of a long weekend, with Russia's military build-up around Ukraine weighing on sentiment. The loonie dipped 0.1% for the week.
U.S. crude settled 0.5% lower at $91.07 a barrel, pressured by prospects of increased Iranian exports.
Risk aversion and a firmer dollar raise the cost of dollar-priced feed imports, while Iranian supply prospects temper crude and energy-linked costs.
brecorder.comReutersFeb 21, 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.
