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The Canadian dollar weakened to a near six-week low against the U.S. dollar after the U.S. Senate passed Hong Kong human rights legislation, which Beijing condemned. The loonie recovered some losses after October inflation held at 1.9%, in line with expectations.
Bank of Canada officials signaled concern about the external climate.
U.S.-China tension makes a trade deal harder, which weighs on commodity demand and on Canada's commodity-linked economy. A weaker loonie makes Canadian exports cheaper in dollar terms.
financialpost.comReutersNov 20, 2019Not 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.
