Here are two charts where we can see the difference between the prices of zinc in USD compared to CAD. The first chart covers a 6 month span, the second a 5 year span.
|Zinc 6 month - USD vs CAD.|
|Zinc 5 year - USD vs CAD.|
There are two things to notice here:
- The price of zinc was roughly the same in USD and CAD until 2014 when they started to go different ways (the dollar got stronger).
- The price of zinc in CAD hasn’t been this high in many years.
That in turn means that companies with production outside the US and hence costs in some other currency are gonna get a currency boost that should affect the bottom line going forward, all else being equal.