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The Canadian dollar fell below 73 US cents on May 2, extending losses against a backdrop of weak oil prices, housing concerns and trade uncertainty. Scotiabank expects the loonie to bottom below 71.5 cents in coming months.
Continued loonie weakness makes Canadian canola and other exports cheaper for US buyers, which can weigh on canola meal prices in global feed markets.
theglobeandmail.comMichael BabadMay 3, 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.
