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The Canadian dollar strengthened against major currencies in Asian trade as stock markets rose after Democrats won control of both the US House and Senate. Crude oil prices fell on hopes of an end to the Middle East conflict.
Concerns over tech regulation, trade policy and the US budget deficit weighed on sentiment.
Lower crude prices reduce energy-driven costs but also weaken the loonie, a commodity currency, which can shift the cost of imported Canadian and US feed inputs. The effect on grain and feed prices is limited.
rttnews.comRTTNews Staff WriterNov 5, 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.
