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Bank of Canada Governor Tiff Macklem said the central bank was not being as forward-looking as normal after cutting rates by 25 basis points to 2.50%. He said core inflation was around 3% and the bank was prepared to act further if risks tilted.
The Canadian dollar reacted to the policy outlook.
Signals of further Bank of Canada easing could weaken the loonie, supporting Canadian export competitiveness for canola. The effect on feed prices is indirect and small.
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.