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Forecasters expect the Canadian dollar to fall toward 70 to 72 US cents in 2017 as the US economy gains speed, the Federal Reserve raises rates and oil prices stay soft. The loonie closed at 74.10 US cents on Wednesday.
A weaker Canadian dollar would make Canadian canola meal and barley more competitive on world markets, while a stronger US dollar generally pressures US-priced feed commodities.
cbc.caJohn McHutchionNov 24, 2016Not 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.
