Loading…
The Canadian dollar fell after a global stock market plunge over the prior week dragged down the loonie and oil prices. As of Monday morning it was at 79.40 US cents, down from a high of 81.38 cents on Feb.
1.
Feed buyers importing from or pricing in Canada face currency and energy-linked moves; a weaker loonie can lower Canadian-origin canola meal and barley costs in USD terms, while lower crude weighs on energy-linked costs.
cbc.caThe Canadian PressFeb 12, 2018Not enough comparable past events yet for a historical read.
After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% 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.
