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Desjardins expects the Canadian dollar to struggle through the rest of 2020 before a more robust recovery in 2021, citing economic recovery and commodity price gains. It forecasts the Pound-to-Canadian Dollar rate at 1.7467 by end of Q3 2020 and 1.7237 by end of June 2021.
The forecast centers on currency valuation and has limited direct effect on feed prices. A firmer loonie in 2021 would modestly raise the cost of Canadian feed ingredients for dollar buyers.
poundsterlinglive.comAug 28, 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.
