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A Reuters poll of more than 30 currency analysts in March forecast the Canadian dollar would strengthen 1.5% to 1.34 per U.S. dollar in three months. The forecast matched the prior month's view.
Expected loonie strength would lower USD/CAD and the dollar cost of Canadian-origin products, though the forecast itself is not a new market-moving event.
reuters.comFergal SmithMar 3, 2023Not 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.
