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BofA cut its Canadian dollar forecast, expecting it to fall to 72.99 US cents in Q2 2024 and 75.75 by end-2025 as the Bank of Canada and Fed diverge. It warns a steep currency drop could add about 1 percentage point to inflation.
A forecast of a weaker loonie raises the Canadian-dollar cost of US-priced feed ingredients and could pressure Canadian feed margins, though the impact is gradual.
financialpost.comPamela HeavenApr 25, 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.
