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The Canadian dollar reached 77 US cents on June 29, 2017, with economist David Rosenberg saying the rally was overdue. The loonie has risen on expectations of a Bank of Canada rate hike, which many now see as possible within weeks.
A stronger Canadian dollar makes Canadian grain and oilseed exports more expensive in US dollar terms, which can weigh on Canadian-origin feed ingredient prices and support import competition. Rate-hike expectations are a macro factor rather than a direct feed supply change.
theglobeandmail.comMichael BabadJun 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.
