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Canada's annual inflation rate cooled to 2% in August, its lowest level since February 2021, with shelter costs still easing. The Canadian dollar edged lower to about 1.3589 per U.S. dollar after the release.
Softer inflation raises bets on larger Bank of Canada rate cuts, which tends to weaken the loonie against the U.S. dollar. For feed buyers this is a currency-driven shift with little direct effect on grain or oilseed prices.
reuters.comPromit MukherjeeSep 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.
