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Analysts at RBC expect the Canadian dollar to weaken through Q2 and Q3, with USD/CAD potentially reaching 1.43 as GDP contracts about 40% in the second quarter. The Canadian dollar gave up 0.5% last week to 1.40 per US dollar.
A weaker loonie and a slow recovery reduce Canadian demand and bear on energy-linked commodity sentiment, but the direct impact on feed markets is small.
financialpost.comYadullah HussainMay 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.
