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The Canadian dollar hit a three-month high near 81 U.S. cents after stronger-than-expected December jobs data, with the jobless rate falling to 5.7%. Odds of a Bank of Canada rate hike at its January 17 meeting jumped to 70%.
Analysts still flagged NAFTA uncertainty as a risk to the currency.
Expectations of Bank of Canada tightening strengthen the loonie, which can make Canadian-origin oilseed and grain exports less competitive for overseas feed buyers.
financialpost.comReutersJan 5, 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.
