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Scotiabank analysts said they held a constructive medium-term view on the Canadian dollar and expected gains into spring and summer. The loonie edged higher despite a weak GDP reading, and rate-hike pricing showed a full 25bp hike priced by July.
A firmer loonie would lower the Canadian-dollar cost of US-priced feed inputs and grain imports. The outlook is a forecast with no new trade or supply event.
exchangerates.org.ukFrançois AuréMar 31, 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.
