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Rosenberg Research argues that the Canadian dollar's rally of about 6% since January reflects broad U.S. dollar weakness rather than Canadian economic strength. The loonie is still one of the weaker G10 currencies year to date, rising only 4.5% against the U.S. dollar.
The firm cautions investors against extrapolating the rebound.
If the loonie's gains depend on dollar weakness rather than domestic fundamentals, they may reverse, which would raise the U.S.-dollar cost of Canadian feed commodities. The outlook for USD/CAD is therefore unclear.
theglobeandmail.comMarius JongstraMay 28, 2025Not 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.
