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The Canadian dollar weakened slightly to 1.3985 per US dollar on Thursday, extending a pullback from a seven-week high. Traders awaited Canada's October jobs data due Friday and clues on US policy after Democrats won control of both congressional chambers.
US crude futures rose 2.7% to $90.47 a barrel after a sharp prior-day decline.
A weaker loonie makes Canadian-origin feed inputs such as canola meal relatively cheaper for dollar-based buyers, while the oil rebound signals that energy prices remain sensitive to Iran war headlines.
hk.marketscreener.comReutersNov 5, 2026
kitco.comNov 5, 2026Not enough comparable past events yet for a historical read.
After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% 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.
