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J.P. Morgan strategists advise clients to bet on a recovery in the Canadian dollar, which they view as undervalued against developed-market peers.
The call follows encouraging NAFTA negotiation comments that lifted the loonie off a nine-month low.
A reduced NAFTA risk premium and a recovering loonie would support North American trade flows and Canadian export pricing, with limited direct effect on feed commodity prices.
poundsterlinglive.comJames SkinnerApr 11, 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.
