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The Bank of Canada cut its benchmark rate by 25bp to 2.25%, the lowest since July 2022, citing lasting damage from US tariffs. It said the policy rate is about right if forecasts hold, and the Canadian dollar extended gains to C$1.3915 per US dollar, its strongest since October 1.
Signals that BoC easing is ending support a firmer loonie, which can raise the USD cost of Canadian exports and slightly reduce their competitiveness in feed markets.
Not 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.