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The Canadian dollar was up 1.9% in October, its strongest month since April. The Bank of Canada raised rates for the first time in over three years to counter inflation from higher energy prices, and oil prices stayed elevated.
Canadian inflation reached 3.1% in September.
Higher Canadian rates and firm oil prices have strengthened the loonie, which lowers the local-currency cost of Canadian-origin feed ingredients. Stronger oil prices also raise energy and freight costs across feed supply chains.
tokenstimes.comEditorial DeskOct 31, 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.
