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Canadian employment fell for a third consecutive month, with 4,700 jobs lost in October and unemployment rising to 6.7%. The Canadian dollar dropped 0.8% against the U.S. dollar on Friday, its largest one-day decline since January, as expectations of a Bank of Canada rate increase eased.
Weaker labor data reduced expectations for tighter Canadian monetary policy and weakened the currency, raising the local-currency cost of imported feed and other commodities priced in U.S. dollars.
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.