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FCC economist J.P. Gervais said the Canadian dollar is unlikely to rise much against the US dollar in the short term following the USMCA signing.
The dollar briefly rose above 78 US cents before losing ground, and bond yields in Canada are moving up on expectations of Bank of Canada policy shifts.
A persistently weak loonie keeps Canadian commodity exports competitive, which can support Canadian oilseed and grain flows into global feed markets.
producer.comAshley RobinsonOct 25, 2018Not 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.
