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The pound-to-Canadian-dollar exchange rate rose last week, supported by a hawkish Bank of England decision and optimism about a proposed UK-EU agreement to ease trade restrictions on food and agricultural goods. Falling oil prices were identified as a possible source of further pressure on the Canadian dollar.
Lower crude prices can reduce support for the Canadian dollar, potentially lifting the cost of Canadian-origin feed commodities for foreign buyers when priced in their currencies. The article does not report a direct change in agricultural trade flows.
exchangerates.org.ukAdam SolomonNov 9, 2026After 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.
After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% 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.
