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Canadian economic activity was reported at only about 3% below pre-pandemic levels in February 2020, and the Canadian dollar grew 0.7% in January. Markets were largely flat, with equities and oil expected to open little changed.
A faster economic recovery supports Canadian demand and the loonie, while the prospect of stimulus being withdrawn may shift exchange rates. Currency moves affect the US-dollar cost of Canadian grain and oilseed exports.
interchangefinancial.comInterchange FinancialMar 30, 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.
