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The Canadian dollar reached a two-year high against the US dollar after news of a coronavirus vaccine, higher oil prices and risk appetite. National Bank economists see the loonie rising toward 80 US cents, citing Canada's relatively resilient economy and Bank of Canada easing.
This is a currency outlook with no direct feed supply or demand mechanism. A stronger CAD could modestly affect Canadian commodity export pricing in USD terms.
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.