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A Reuters poll of nearly 50 FX strategists forecast the Canadian dollar would rally to C$1.27 per US dollar in one month and C$1.23 in a year. The forecasts assume NAFTA renegotiation continues without a US withdrawal and that the Bank of Canada keeps raising rates.
A forecast loonie rally would lower the cost of US-priced inputs for Canadian feed buyers and modestly reduce the Canadian-dollar value of US commodity imports. The poll is an outlook rather than a new shock.
ca.finance.yahoo.comReutersMar 7, 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.
