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A Reuters poll found analysts expect the Canadian dollar to rally over the coming year as the threat of recession eases and the Fed and Bank of Canada wind down rate hikes in 2023. The poll reflects forecasts rather than a new event.
Currency forecasts have limited direct effect on feed commodity supply or demand. The poll signals expectations for a weaker US dollar relative to the loonie over the next year.
reuters.comFergal SmithAug 4, 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.
