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Desjardins strategists estimate that the Canadian dollar is about 22% undervalued against the U.S. dollar using a purchasing-power-parity model. They argue that some structural headwinds facing the loonie may be fading, raising the possibility of a turnaround.
A stronger Canadian dollar, if the strategists’ view proves right, could lower the Canadian cost of imported feed ingredients and other inputs. The article presents a currency valuation outlook rather than a change in commodity flows.
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.