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CBC reports the Canadian dollar traded below 73 US cents, down from about 77 cents in February. Falling oil, housing bubble fears and Trump trade threats are cited, and currency markets are heavily positioned short.
A weaker loonie makes Canadian exports more competitive, which can pressure prices for Canadian-origin feed ingredients such as canola meal in US dollar terms.
cbc.caDon PittisMay 4, 2017Not enough comparable past events yet for a historical read.
Not 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.
