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The loonie has gained about 4 percent against the US dollar since a 10-month low at the end of 2016, helped by higher oil prices and a weaker greenback. Analysts warn that possible NAFTA talks, a weak recovery and a potentially dovish Bank of Canada could reverse the move.
A reversal in the loonie would raise USD/CAD and make Canadian-origin commodities and imports relatively more expensive for US buyers. The warning highlights two-way risk for currency-exposed feed costs.
theglobeandmail.comVincent CignarellaFeb 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.
