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The Canadian dollar weakened to a one-week low against the US dollar on Monday as equity volatility jumped and the VIX rose more than 10%. Traders moved into the greenback amid doubts over the timing and size of US fiscal stimulus.
Safe-haven US dollar demand lifts USD-denominated feed commodity prices relative to Canadian sources. The move is a routine currency fluctuation with limited direct effect on feed supply.
theglobeandmail.comFergal SmithJan 25, 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.
