Loading…
Canada's November inflation slowed unexpectedly to 1.9%, and the Canadian dollar fell to 5-year lows near 69.82 US cents after a stronger-than-expected US retail sales report. Canada's 2-year yield rose slightly to 3.046%, in line with the US counterpart.
Market pricing for future Bank of Canada moves was little changed.
Stable Bank of Canada rate expectations, combined with a strong US dollar, keep pressure on the loonie and the cost of Canadian exports priced in US dollars. This sustains a currency-driven shift in Canadian export competitiveness.
theglobeandmail.comDarcy KeithDec 17, 2024Not 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.
