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Capital Economics forecasts the Canadian dollar could fall to 71 US cents this year as Canadian growth stays weak and the Bank of Canada cuts rates to 2.5% by 2025. The loonie traded at 73.60 US cents, with the rate gap versus the Fed widening.
A widening Canada-US rate differential would weaken the loonie and raise USD/CAD, which matters for Canadian export pricing but has little direct effect on feed grain prices.
financialpost.comPamela HeavenMar 28, 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.
