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Canadian annual inflation eased in July, though the Bank of Canada says it remains too high. Gasoline price gains slowed from June, and the Canadian dollar traded 0.2% higher near 1.2873 per US dollar while the 10-year yield rose to 2.820%.
Persistent Canadian inflation keeps rate-hike expectations alive, supporting the currency and borrowing costs. The direct effect on feed grain prices is limited.
reuters.comJulie GordonAug 16, 2022Not 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.
