Loading…
The Canadian dollar slipped to an 11-day low as escalating U.S.-China trade tensions weighed on stocks and oil. China raised tariffs by up to 25% on 128 U.S. products in response to U.S. steel and aluminum duties.
U.S. crude settled nearly 3% lower at $63.01 a barrel.
Trade escalation between the two largest economies lowers risk appetite and crude prices, which can pressure energy-linked feed inputs and threaten agricultural export demand.
theglobeandmail.comFergal SmithApr 2, 2018After 80 past bearish trade events, Crude Oil (WTI) moved a median -2.2% over 5 sessions (30% higher; middle half -6.9% to +0.8%), and -1.5% over 20.
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.
