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Canadian dollar investors warn that a proposed US border adjustment tax could sharply weaken the loonie, since Canada sends about 75 percent of its exports to the US. Analysts say the risk is not fully priced in and that the tax could also pressure oil prices through a stronger US dollar.
A border tax would hit Canadian export competitiveness and could push USD/CAD higher, affecting Canadian commodity costs and export flows. Investors are repricing this trade-policy risk now.
arabnews.comReutersFeb 20, 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.
