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The Canadian dollar edged up 0.1% to 1.37 per US dollar on Friday, though it fell 0.3% on the week. Retail sales fell 0.1% in August, and markets priced only a 12% chance of a Bank of Canada hike at the October 25 meeting.
Softer Canadian data and reduced rate-hike odds keep the loonie range-bound, with little direct effect on feed commodity prices.
brecorder.comReutersOct 23, 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.
