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The Canadian dollar weakened on Friday as a further slide in oil prices outweighed domestic data showing above-target inflation and higher retail sales. US crude settled 7.7 percent lower at $50.42 a barrel, and Western Canadian Select traded at a record discount to WTI.
Lower oil prices and wide heavy crude discounts pressure Canadian producer revenues and the loonie, which can affect Canadian canola and crop input economics. Energy weakness also feeds into broader commodity sentiment.
businesstimes.com.sgNov 25, 2018Not enough comparable past events yet for a historical read.
Not 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.
