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The loonie hit a nearly three-month high against the U.S. dollar after markets expected Canada to reach a trade deal with the U.S. and Mexico. The U.S. dropped a five-year sunset clause from the Mexico deal in favour of a 16-year term.
Trump threatened 25 per cent tariffs on auto imports, which analysts read as pressure tactics.
Expectations of a NAFTA deal are lifting the loonie and reducing the risk of tariffs on North American agricultural trade. A deal would lower USDCAD and reduce uncertainty for feed and grain flows across the border.
castanetkamloops.netCanadian PressAug 29, 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.
