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The Canadian dollar strengthened against the US dollar, with USD/CAD trading near 1.4110, despite crude oil prices retreating. Stronger-than-expected US payrolls and a lower unemployment rate lifted market expectations of a Federal Reserve rate hike, while traders awaited US inflation data.
Lower oil prices can weigh on the Canadian dollar, while expectations of higher US interest rates can support the US dollar; together, these forces influence the CAD and cross-border feed input costs. The article reports currency-market drivers but no direct change in agricultural supply or demand.
tmgapac.comAkhtar FaruquiNov 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.
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.
