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The Canadian dollar rose to a three-year high against the US dollar on April 28, 2021, as investors cheered domestic retail sales data. The move followed a hawkish Bank of Canada outlook that signalled earlier rate hikes than the Federal Reserve was signalling.
A firmer loonie makes Canadian-priced feed inputs and imported ingredients cheaper for Canadian buyers, while weakening Canadian export competitiveness. The effect on grain and oilseed prices is indirect.
ca.finance.yahoo.comApr 28, 2021Not 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.
