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CIBC economists expect the Canadian dollar to fall below 72 US cents in the first quarter of next year and stay weak longer. The loonie traded at 74.34 cents, its lowest since April, after a downward trend since May.
A sustained weak loonie improves the competitiveness of Canadian grain and oilseed exports, supporting Canadian meal supply and easing pressure on feed prices in import markets.
financialpost.comJohn ShmuelNov 22, 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.
