Loading…
Bank of Canada Governor Tiff Macklem told a Senate committee that higher U.S. interest rates are not a major concern for the Canadian dollar. He said the central bank would only respond if the loonie depreciated substantially.
A central bank that is willing to tolerate currency moves reduces the chance of policy-driven swings in the loonie. Canada-U.S. exchange rate stability matters for cross-border grain and oilseed pricing.
financialpost.comReutersApr 20, 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.
