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The Canadian dollar closed at 75.91 US cents on Tuesday, near a three-month high, supported by oil prices and stronger wholesale data. Analysts expect further gains as US rate cuts become more likely.
A strengthening loonie raises the US-dollar cost of Canadian exports, which can weigh on Canadian canola and feed grain competitiveness.
theglobeandmail.comStefanie MarottaJun 25, 2019Not enough comparable past events yet for a historical read.
After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.
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.
