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The Bank of Canada held its policy rate at 2.25% and said threats to Fed independence add to uncertainty. The Canadian dollar firmed after the decision, trading up 0.28% at 1.3535 per US dollar.
Holding rates steady keeps Canada-US yield spreads unchanged, so the currency reaction is modest. Limited direct impact on feed commodity prices.
reuters.comPromit Mukherjee, David LjunggrenJan 28, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
