Loading…
Bank of Canada officials shifted focus toward boosting growth, raising expectations for faster rate cuts. The Canadian dollar weakened to a three-month low of 1.3848 per U.S. dollar.
Faster rate cuts widen the interest-rate gap with the U.S., pressuring the loonie and making Canadian commodity exports cheaper in USD terms.
reuters.comPromit MukherjeeJul 25, 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.
