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The Canadian dollar fell to a three-week low after weaker-than-expected retail sales suggested higher interest rates are squeezing consumers. RBC economists argue that fears of a weak loonie fuelling inflation are overstated because services now dominate the economy.
Currency weakness that prompts a central bank to hike again would tighten Canadian credit and slow demand. For feed buyers the effect on prices is indirect and currently limited.
financialpost.comPamela HeavenApr 25, 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.
