Loading…
Market strategist Scott Barlow argues the Canadian dollar is now driven mainly by bond yields and central bank policy rather than energy prices. He says the two-year Canada-U.S. yield spread used to explain the loonie has weakened in recent years.
He advises watching Federal Reserve Chair Jerome Powell for the dollar's next move.
Canadian dollar direction is tied to Fed policy rather than oil, so feed buyers pricing Canadian-origin goods should track U.S. rate expectations rather than crude prices.
theglobeandmail.comScott BarlowAug 26, 2019Not 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.
