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The Canadian dollar fell about 1% on Friday to 1.4082 to the greenback as stock markets slid and investors assessed the incoming Bank of Canada governor's stance on negative rates. The Bank of Canada has cut rates by 150 basis points since March to 0.25%.
Currency and rate expectations drive the loonie, but the move has no direct bearing on feed commodity supply or demand.
financialpost.comReutersMay 1, 2020Not 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.
