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CIBC economists say the Canadian dollar, now around 78 US cents after a 2.2% weekly drop, still has room to fall. Factors include a more subdued Bank of Canada hiking outlook and NAFTA concerns, with rate-hike expectations for January falling toward 50 per cent.
A falling loonie raises USD/CAD and can make Canadian grain and oilseed exports more competitive. Lower rate-hike expectations and NAFTA risk reflect currency-driven rather than supply-driven price pressure.
financialpost.comJonathan RatnerOct 30, 2017Not 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.
