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A Reuters poll of currency strategists expected the Canadian dollar to strengthen over the coming year as NAFTA clarity could open the door to more Bank of Canada rate hikes. The loonie had weakened despite oil prices surging to a three-year high, and the poll projected 79.20 U.S. cents in three months.
A stronger loonie on NAFTA clarity would raise the cost of Canadian exports to U.S. buyers, while the poll reflects expectations rather than a new supply or demand shock for feed commodities.
cpecn.comDon HorneMay 10, 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.
