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CIBC analysts said the Canadian dollar's strong 2017 run may be ending, forecasting a 1.29 to 1.33 range against the US dollar for most of 2018. The loonie had traded at 1.2560 after Trump said NAFTA would probably be terminated.
A forecast of a weaker loonie through 2018 implies cheaper Canadian export commodities in USD terms, but it is an analyst view rather than a new supply or demand event.
financialpost.comYadullah HussainAug 23, 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.
