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The Canadian dollar strengthened to a seven-week high against the US dollar after Democrats won the US midterm elections and broad dollar weakness followed. The loonie traded near 1.3965 per US dollar, with Canada's September trade surplus also widening.
A stronger loonie makes Canadian-origin feed inputs such as canola meal relatively more expensive for US-dollar buyers, while a weaker greenback broadly supports dollar-denominated commodity prices.
kitco.comNov 4, 2026Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
