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Canada's inflation rate fell to 2.5% in July, matching forecasts, which solidified market bets on a Bank of Canada rate cut. Money markets priced a 25 basis point cut at the September 4 meeting at about 96% probability.
Expectations of Bank of Canada easing weigh on the Canadian dollar and borrowing costs, with little direct effect on feed grain or oilseed prices.
theglobeandmail.comDarcy KeithAug 20, 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.
