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The Canadian dollar was the best performing major currency of 2019 at year-end, rising more than 3% against most majors. Scotiabank said the loonie is running out of road against the USD after a 5% drop in USD/CAD since the start of the year.
This is a currency market wrap with no new shock for feed commodities. A firmer loonie marginally raises the cost of Canadian-origin canola meal and barley 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.