Big decisions ahead for those hedging the Canadian dollar

Opinion

For many of the commodity futures in meats and grains, it has been a very rough two weeks of panic selling in response to coronavirus economic impacts. The sell-off has not been isolated to agricultural commodities, as the equity market in the U.S. is now officially in a bear market and down 20% off of the highs. Based on economic concerns and a tit-for-tat between Russia and Saudi Arabia, oil prices have plunged in the last week. Last week, the Bank of Canada lowered its key rate 50 basis-points to 1.25% with strong speculation among analysts that more cuts are…