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Bank of Canada senior deputy governor Carolyn Rogers said the central bank will watch the loonie when deciding whether to hold rates or hike again. She noted that a weaker Canadian dollar could raise import costs and inflation pressure.
Signals that a weaker loonie could affect BoC policy add to the case for a firmer U.S. dollar against the Canadian dollar, which raises the cost of dollar-priced imports for Canadian buyers.
financialpost.comStephanie HughesMar 10, 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.
