Loading…
The Canadian dollar fell to 73.42 U.S. cents after August inflation came in softer than expected at 2%. Money markets kept bets on a Bank of Canada rate cut on October 23, with roughly even odds between 25 and 50 basis points.
Softer inflation increases the chance of faster Bank of Canada easing, which pressures the loonie and supports a weaker CAD against the U.S. dollar. The effect on feed input prices is indirect.
theglobeandmail.comDarcy KeithSep 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.
