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Canada's annual inflation rate came in at 3.1% in November, above the 2.9% expected, and month-over-month CPI rose 0.1%. Money markets trimmed bets on a Bank of Canada rate cut in March, while the Canadian dollar and two-year yields rose.
Higher-for-longer Canadian rates support the loonie and the currency-driven demand picture for Canadian-linked commodities, with little direct effect on feed grain prices.
theglobeandmail.comDec 19, 2023Not 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.
