I hate to ask this and I hope all the people in the great city of Toronto make it through ok but does a major flood effect USDCAD and if so how?
Does a weather event that slows etc. a country’s economic center weaken it’s dollar? Toronto is the business and financial capital of the country and the area produces more than half of the country’s manufactured goods.
I would think this would make this pair continue it’s rise.
Also I know it’s far out still but tropical storm Chantal is tracking to Florida but avoiding the Gulf. How do these events effect the value of the USD?