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The Canadian dollar held near a six-week high against the US dollar at about 1.3975 as oil prices fell sharply. Trump said his administration has a concept for a new trade deal with Canada, and Carney described a good conversation on trade.
Lower crude weakens the commodity-linked loonie, while trade-deal progress limits tariff risk for Canadian exporters. Feed buyers see limited direct grain impact, but energy costs for freight and processing ease.
kitco.comNov 2, 2026
theglobeandmail.comFergal SmithNov 2, 2026Not 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.
