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Canadian exporters may be able to pass higher costs from a stronger loonie on to customers, according to Export Development Canada's chief economist. The Canadian dollar was trading near a six-year high against the U.S. dollar and had been the top-performing G10 currency this year.
Shortages of goods from supply chain disruptions are helping firms raise prices.
A stronger loonie lowers the Canadian-dollar cost of U.S.-priced imports, which eases feed input costs for Canadian buyers. Exporter pricing power limits the damage to Canadian trade flows, so the currency is likely to stay firm.
financialpost.comReutersJun 11, 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.
