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J.P. Morgan advised clients to buy the Canadian dollar after strong October Canadian jobs data altered rate expectations.
The currency market is pricing two Bank of Canada hikes in 2018, and oil's correlation with the loonie has weakened.
Stronger expected Canadian rates support the loonie, which would raise the dollar cost of Canadian-origin canola meal and other exports.
financialpost.comJonathan RatnerNov 6, 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.
