Loading…
Deutsche Bank argues that Canada's better control of the pandemic, with daily new cases per capita about a fifth of the U.S. rate in mid-September, supports the Canadian dollar. The bank points to stronger Canadian retail sales and a housing rebound as signs of relative economic strength.
It sees the loonie reaching 77 U.S. cents, versus about 74.73 at the time.
A stronger loonie raises the U.S.-dollar cost of Canadian exports, which can support prices for Canadian commodities in global markets. This is a forecast rather than a confirmed move, so its impact on feed prices is limited.
financialpost.comPamela HeavenSep 25, 2020Not 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.
