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CIBC analysts say the Canadian dollar's recent rally is running out of steam and could reverse. They cite stalled global recovery, weak trade fundamentals and a fading commodity price rally.
A forecast of softer commodity prices and a weaker loonie signals headwinds for Canadian export values in commodities such as canola and grains.
poundsterlinglive.comNews, Data, ForecastsJul 29, 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.
