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The Canadian dollar hit a four-month low of 1.3815 per U.S. dollar after the Bank of Canada paused its hikes at 4.50%. Investors expect a historically large gap between BoC and Fed tightening because Canada's economy is more sensitive to rates.
A widening rate gap with the Fed pressures the loonie and lifts USD/CAD, which makes U.S.-priced feed imports costlier for Canadian buyers and can raise Canadian inflation.
kitco.comMar 9, 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.
