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Canadian exporters and traders say volatility in the Canadian dollar has made hedging difficult after the Bank of Canada's shifting tone this year. The loonie swung from a 13-month low of C$1.3800 in May to a two-year high of C$1.2063 in September, then reversed this week after Governor Poloz signalled a third rate hike is not imminent.
A weaker loonie after the Bank of Canada's softer signal lowers the cost of Canadian-origin feed ingredients such as canola meal for US buyers, while a stronger loonie raises it. Currency swings add pricing risk for importers and exporters.
financialpost.comReutersSep 29, 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.
