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Economists warn the Canadian dollar could fall below 70 U.S. cents as the 125-basis-point gap between Bank of Canada and Federal Reserve policy rates widens. The Bank of Canada cut rates by 50 basis points in October, while the Fed is expected to ease less than previously anticipated.
A widening rate gap that pushes the loonie lower raises the Canadian-dollar cost of U.S. feed grains and soybean meal. It is a currency-driven cost pressure rather than a supply shock.
financialpost.comPamela HeavenOct 29, 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.
