ICE Canadian canola futures rose on Monday as US markets rebounded. Canola followed the US market with a moderate rebound and was well supported, in part because of firm soyabean oil prices, a trader said. May canola gained $5.60 to settle at $467.50 per tonne. May-July canola spread traded 2,554 times. The Canadian dollar strengthened against its US counterpart on Monday as the Federal Reserve announced additional measures to ease the economic impact of the coronavirus outbreak.