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Analysts forecast the Canadian dollar could fall below 75 U.S. cents in 2018, based on bond yield spreads and central bank policy expectations. The article notes the loonie's historic link to two-year bond yields has weakened with crude prices.
The piece is an analysis of currency drivers rather than a new event.
A weaker loonie would lower the cost of Canadian canola meal and other exports for overseas buyers, a mild bearish signal for Canadian feed ingredient prices.
theglobeandmail.comScott BarlowJan 23, 2018Not enough comparable past events yet for a historical read.
Not 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.
