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RBC Capital Markets research finds the Canadian dollar responds far less to crude oil than it did a decade ago. The relationship is described as weakened and non-linear.
ING argues the impact of lower oil prices on the currency is only delayed.
If the loonie tracks oil less closely, oil-driven swings in Canadian dollar import costs for feed buyers become less predictable.
poundsterlinglive.comNews, Data, ForecastsApr 29, 2020Not enough comparable past events yet for a historical read.
Not 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.
