Loading…
Bank of Canada Governor Tiff Macklem told lawmakers on Tuesday that the Canadian dollar has become less responsive to swings in crude oil prices. He said the Canadian economy is less dependent on petroleum than before.
A weaker link between oil and the loonie reduces the currency's sensitivity to crude moves, which matters for USD/CAD hedging and for Canadian-linked feed and grain costs priced in dollars.
mnimarkets.comGreg QuinnNov 3, 2026Not 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.
