Canada's Dollar Reaches Highest Level Since September

Farm Credit Canada says to watch the loonie in 2017, as it "could easily have the largest impact of all possible trends and drivers on the profitability of Canadian agriculture and agribusiness throughout the year." While prudent advice, signs are pointing to the need to buckle up for what could be a wild ride in 2017. Opinions are varied over the next moves made by the new United States administration and the impacts to follow in the Canadian economy. Bank of Canada governor Stephen Poloz told an Edmonton audience on Tuesday that it is too soon to model how trade agreement changes will affect the country, while suggesting it will remain challenging even after the details are known.