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Canadian stocks hit a one-month high and the loonie reached its strongest level against the U.S. dollar in over two months after the U.S. and Mexico reached a bilateral trade agreement without Canada. Investors are betting on a U.S.-Canada deal, though analysts flagged hurdles.
BMO's Brian Belski said Canada is at a competitive disadvantage after waiting.
Expectations of a deal are strengthening the loonie, which lowers the cost of U.S. dollar-priced feed imports into Canada. If a deal stalls, the currency could reverse and the price risk for North American feed trade would rise.
cbc.caRajeshni Naidu-GhelaniAug 28, 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.
