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A Reuters poll of 35 currency analysts projects the Canadian dollar will rise 1.1% to 1.35 per U.S. dollar in three months, and to 1.30 in a year. Analysts cite China easing COVID restrictions and a possible Federal Reserve pause as drivers, after the loonie fell over 7% in 2022.
A forecast loonie recovery and stronger Chinese demand would shift Canadian export competitiveness and commodity demand expectations over the coming year.
financialpost.comReutersDec 7, 2022Not 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.
