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A Reuters poll of 32 strategists projects the Canadian dollar will strengthen 2.4% to 80 US cents in three months and to 81.30 cents in a year. Analysts expect the Bank of Canada to raise rates before the Federal Reserve and expect oil prices to rebound.
Canada's third-quarter GDP grew at an annualized 5.4%.
Consensus expects higher oil and earlier Bank of Canada hikes, both of which would lift the loonie. A firmer CAD lowers the cost of US-priced feed imports for Canadian buyers.
financialpost.comReutersDec 3, 2021Not 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.
