In the busyness of the everyday, it stands to reason that some risk management issues fall to the back of your mind.
Currency risk is one of those that might seem so out of your control that it’s not worth the brain power, but understanding what direction the Canadian dollar is headed and how that impacts the price you receive for grain at the elevator is worthwhile.
To further explain how the Canadian dollar behaves, how the U.S. economy plays a role, and whether or not the dollar is still a petro-currency, Matthew Pot of Grain Perspectives joins this episode of Mind Your Farm Business.
Disclaimer: Royal Bank of Canada and its subsidiaries are not responsible for the information provided in this podcast, and this information does not necessarily reflect the views of Royal Bank of Canada or any of its subsidiaries. No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by Royal Bank of Canada or any of its subsidiaries.