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The Canadian dollar edged higher on Friday but posted a weekly decline of 0.2%. Investors are watching the Bank of Canada's shift in guidance toward when to cut rates rather than whether to hike, which is expected to add two-way risk to the currency.
Currency volatility shifts feed import costs and Canadian export competitiveness, but the effect on grain and oilseed prices is marginal.
theglobeandmail.comReutersJan 26, 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.
