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A Reuters poll of over 40 currency strategists expects the Canadian dollar to firm to C$1.2700 in three months and C$1.2500 in a year as NAFTA prospects improve. The loonie had recently hit its strongest level in over five weeks on positive comments about a trade pact.
A firmer loonie and reduced NAFTA risk support Canadian export competitiveness for grains and oilseeds, and a lower risk premium on trade with the US eases concern over North American feed flows.
energynow.caApr 6, 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.
