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A Reuters poll of nearly 40 analysts found a median forecast for the Canadian dollar to rise 0.4% to 1.26 per US dollar within three months. The loonie had rallied about 16% since the prior March and touched a three-year high of 1.2464 earlier in the week.
Currency forecasts shape expectations for Canadian export competitiveness and import costs for feed buyers. The forecast implies only a small expected shift in the exchange rate.
reuters.comFergal SmithMar 4, 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.
