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Analysts including David Rosenberg advised selling the Canadian dollar on strength, and JPMorgan trimmed its loonie forecast to expect a dip in mid-2019. Concerns center on household debt and a Bank of Canada on hold on rates.
Forecasts see limited recovery above 75 US cents.
Expectations of a weaker CAD make Canadian canola and other exports cheaper for foreign buyers, though the currency outlook is a secondary driver for feed pricing.
theglobeandmail.comMichael BabadMar 18, 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.
