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A Reuters poll of about 40 foreign exchange analysts expects the Canadian dollar to strengthen 0.7% to 1.36 per U.S. dollar in three months, versus 1.34 in the previous poll. The forecast for one year out was trimmed to 1.32 from 1.31.
Analysts expect the Bank of Canada to begin cutting rates before the Federal Reserve.
Smaller expected loonie gains imply a less favourable exchange rate for Canadian exports over the coming year. That slightly reduces the appeal of Canadian oilseeds for overseas feed buyers.
ca.finance.yahoo.comFergal SmithMay 3, 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.
