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The Canadian dollar fell to 76.41 US cents on April 1, its lowest level since June 2017, and posted its worst week against the US dollar in over a year. Weak manufacturing sales data, NAFTA fears and expectations of slower Bank of Canada rate hikes weighed on the currency.
A weaker loonie raises the Canadian-dollar cost of US-priced feed inputs and can encourage Canadian export demand for grains and meal. The move reflects macro and trade concerns rather than a change in crop supply.
cbc.caCBCApr 1, 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.
