NEWS
Canada Markets
Cliff Jamieson Canadian Grains Analyst
Tue Aug 5, 2014 05:06 PM CDT

The Canadian dollar hit a three-month low today, with electronic trade reaching a low of $.9101 CAD/USD, the lowest level seen since early May. Since reaching a high of $.9399 CAD/USD on July 3, the Canadian dollar has slipped 3.2%.

Signs exist that further weakness could play itself out in the months to come, which would be a boon to grain producers whose product is destined for world markets.

One indication comes from The Economist Magazine's Big Mac Index. The magazine calls this a "light-hearted, protein-rich analysis," while focusing on the purchasing power parity between currencies. The cost of a ...

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