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A Reuters poll expects the Canadian dollar to resume its rally in 2025 if the global economy picks up. The loonie had rallied 3.3% from a near two-year low of 1.3946 per U.S. dollar hit in August, helped by short covering and broad greenback weakness.
The poll forecasts a firmer loonie, which would lower the cost of Canadian-origin imports priced in U.S. dollars. Its direct effect on feed commodity prices is small.
reuters.comFergal SmithSep 5, 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.
