Outlook for the Canadian Dollar in the First Quarter of 2011

Do you remember when the Canadian Dollar was sixty cents? Remember when the Canadian Dollar was not volatile and was jokingly called the Canadian Peso. Those were seemingly easier days for many of us that are involved in export or import businesses with the United States.  With the Canadian Dollar holding near par and oil rising the opportunity go lower seems not possible in the first quarter of 2011.

Hedging currency has become one of the most important decisions on the farm. Much of your profitability is decided on how well you deal with the fluctuating dollar. Everyone has an opinion on the Canadian Dollar and why it will be 1.15 or 0.90 at any given time.

I spoke with David Watt, Senior Fixed Income and Currency Strategist with RBC Capital Markets about his Q1 and Q2 outlook for the Canadian dollar.

If you cannot see the below embedded video, click here

 

Shaun Haney

Shaun Haney is the founder of RealAgriculture.com. He creates content regularly and hosts RealAg Radio on Rural Radio 147 every weekday at 4:30 PM est. @shaunhaney

Trending

Wheat prices jump into August — This week in the grain markets

This week, winter wheat prices touched a three-year high, but it didn’t last. Chicago SRW wheat prices for September 2018 gained 5 per cent or about 26 cents US/bushel to close at $5.56. While the December 2018 contract was up 5.4 percent — or nearly 30 cents — to finish a tad under $5.80. In…Read more »

Related

Leave a Reply

 

This site uses Akismet to reduce spam. Learn how your comment data is processed.