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Forecasts point to another weak year for the Canadian dollar in 2025, after it fell about 9% against the US dollar in 2024 to multi-year lows near 1.44. Analysts expect the Bank of Canada to keep cutting faster than the Fed, while the Fed slows its easing, which widens the rate gap.
A persistently weak loonie lowers the US dollar cost of Canadian canola, grain and oilseed exports, supporting Canadian export volumes. Continued currency weakness also keeps Canadian feed input costs sensitive to exchange rates.
fxstreet.comJoshua GibsonDec 22, 2024Not 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.
