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Monex Europe's outlook projects continued Canadian dollar strength through Q2 2022, based on higher oil prices and two expected 50-basis-point Bank of Canada hikes. The analysis also expects Fed tightening to eventually outpace the Bank of Canada in the second half of the year.
A stronger loonie in forecasts reflects expectations of firmer oil and tighter Canadian policy, which matter for Canadian-origin oilseed and grain pricing in US dollars.
monexeurope.comRowena Harris DoughtyApr 7, 2022Not enough comparable past events yet for a historical read.
Not 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.
