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A Globe and Mail analysis argues the Canadian dollar is overvalued relative to bond spreads, with fair value nearer 73 US cents versus about 79 cents. It suggests the Bank of Canada statement will clarify whether currency drivers are shifting.
The view that the loonie is overvalued points to possible depreciation, which would lower Canadian export prices in US dollars and support Canadian feed-grain competitiveness.
theglobeandmail.comScott BarlowApr 16, 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.
