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Scotiabank's Shaun Osborne says markets are in an unusual situation, with U.S. equities, bonds and the dollar all weakening together. The Canadian dollar is strengthening even as equities fall, which is atypical.
He expects the loonie to be near 72 U.S. cents by year-end.
A stronger loonie lowers USD/CAD and marginally reduces the U.S.-dollar cost of Canadian feed exports. Broad U.S. asset weakness adds uncertainty to currency-driven feed costs.
bnnbloomberg.caDaniel JohnsonMay 24, 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.
