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A Reuters poll showed the median forecast for the Canadian dollar strengthening to 1.25 per U.S. dollar in three months and 1.22 in a year. Oil had climbed to nearly $90 a barrel, the highest since October 2014.
Analysts pointed to rising oil prices and expected faster Bank of Canada tightening as supports.
Forecasts of a firmer loonie and higher crude signal a sustained energy price environment that raises input costs for feed producers.
ca.finance.yahoo.comFergal SmithFeb 3, 2022Not enough comparable past events yet for a historical read.
After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.
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.
