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The Canadian dollar strengthened on December 7 after Statistics Canada reported a record gain of 94,100 jobs in November and unemployment fell to 5.6 percent, far above the 11,000 forecast. Oil also rallied that day.
Stronger Canadian data raises expectations of Bank of Canada rate hikes, which tends to lift the loonie and make Canadian exports less competitive, a modest factor for global feed commodity prices.
theglobeandmail.comFergal SmithDec 7, 2018Not 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.
