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CIBC economists expect slower Canadian growth relative to the U.S., which would keep the Bank of Canada from matching U.S. rates. They see the Canadian dollar possibly falling below C$1.40 per U.S. dollar, a level last seen between 1998 and 2003.
Weak productivity is cited as a cause.
A forecast loonie decline lifts the USD/CAD rate and makes Canadian production cheaper in dollar terms. This is a bank forecast rather than a supply or demand change for feed commodities.
theglobeandmail.comScott BarlowFeb 20, 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.
