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The Canadian dollar rose to a nine-month high against the US dollar on July 12, 2019, as the Bank of Canada's steady stance contrasted with expected Fed rate cuts. Speculators also raised bullish bets on the loonie.
A firmer Canadian dollar makes US-dollar-priced Canadian canola and other exports more expensive, which can weigh on Canadian oilseed export prices. It also reflects expected US easing, which tends to support commodity prices in general.
theglobeandmail.comLevent UsluJul 12, 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.
