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Strategists say the Canadian dollar is caught between relative bond yields, which have been the strongest driver of its value, and oil prices, which push in the opposite direction. The currency is overvalued on yields and undervalued on oil.
The conflicting forces make the loonie's near-term direction hard to call, so currency-hedged Canadian feed purchases carry uncertain costs. Prices could swing either way on yield or oil moves.
theglobeandmail.comScott BarlowFeb 1, 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.
