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Bank of America Merrill Lynch expects the Canadian dollar to slide toward 75 US cents over three to six months, driven by diverging Bank of Canada and Federal Reserve policy. The bank says oil would need to exceed $100 a barrel to prevent that decline, and NAFTA tensions add pressure.
A weaker loonie would make Canadian exports cheaper in US dollar terms, adding competitive pressure on Canadian canola and barley in global markets.
theglobeandmail.comMichael BabadNov 17, 2017Not 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.
