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The Canadian dollar weakened in New York trading as NY crude futures fell to $87.13, a one-month low, on hopes of avoiding US attacks on Iran. The USD/CAD pair traded between 1.3930 and 1.3976 Canadian dollars.
Crude falling on reduced Middle East escalation risk lowers energy and freight costs for feed ingredients, while a weaker Canadian dollar modestly supports Canadian export competitiveness.
jp.investing.comNov 4, 2026After 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.
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.
