Loading…
The Canadian dollar gained slightly against the US dollar after Canada's annual inflation rate eased more than expected to 3.1% in October. Core inflation measures also fell to their lowest levels in about two years.
Cooling inflation raises expectations that the Bank of Canada can ease rates, which tends to weaken the loonie over time and can make Canadian exports more competitive for feed and grain buyers.
reuters.comFergal SmithNov 21, 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.
