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Desjardins expects USD/CAD to trade in a 1.41 to 1.45 range over the next three months and sees the loonie appreciating over the medium term. The bank expects a shallow recession in both Canada and the US starting in Q2 due to trade policy.
The currency and growth outlook matters for Canadian export competitiveness and livestock and feed demand, but this is a forecast rather than a new supply or demand event.
desjardins.comJimmy Jean, Vice-President, Chief Economist, Strategist<br>Mirza Shaheryar Baig, Foreign Exchange StrategistMar 27, 2025Not enough comparable past events yet for a historical read.
After 129 past neutral macro events, Euro (USD per EUR) moved a median -0.1% over 5 sessions (45% higher; middle half -0.5% to +0.5%), and +0.1% 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.
