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Strategists at two large Canadian banks, CIBC among them, recommend buying the Canadian dollar against the U.S. dollar as NAFTA renegotiation progresses. They see USD/CAD downside of around 2.5%.
Negotiators reportedly aim for an agreement in principle around the Summit of the Americas.
A NAFTA deal would reduce uncertainty for Canadian and Mexican trade flows in grains, oilseeds and meals, which supports regional export demand and a firmer loonie.
poundsterlinglive.comJames SkinnerApr 9, 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.
