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Desjardins forecasts the Canadian dollar will decline through the rest of 2022 as global recession fears weigh on risk appetite. Markets expect the Bank of Canada to raise rates by nearly 200 basis points over the remainder of the year.
A weaker loonie and recession concerns point to softer commodity demand, though the forecast is a currency view with no direct grain price trigger.
poundsterlinglive.comGary HowesJun 30, 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.
