Loading…
Market strategist Scott Barlow expects the Canadian dollar to weaken in 2017 as the Bank of Canada and the Federal Reserve move in opposite directions. The two-year Canada-US yield spread is cited as a strong predictor of the loonie's value.
Recent Fed hikes have pushed US yields higher relative to Canadian yields.
Expected loonie weakness would lower the US-dollar cost of Canadian exports, and the rate divergence signals continued currency pressure through 2017.
theglobeandmail.comScott BarlowDec 23, 2016Not 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.
