Loading…
The Canadian dollar strengthened to an 11-day high against the US dollar on Friday, trading near 1.3243 per greenback. The Bank of Canada's willingness to hold rates steady supported the loonie, while Alberta announced plans to ease oil production curtailments.
A firmer loonie makes Canadian-origin feed inputs and exports priced in USD relatively more expensive for importers, while the Alberta curtailment easing points to more oil output, which can weigh on energy-linked sentiment.
theglobeandmail.comReutersSep 27, 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.
