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The Bank of Canada left its key interest rate unchanged on Jan. 26 but signaled that rate hikes are coming soon.
Officials said inflation would stay higher for longer. The Canadian dollar traded slightly stronger after the decision, after giving back some early gains.
A firmer loonie on rate-hike expectations makes Canadian-dollar-priced imports cheaper for Canadian feed buyers. The effect on grain and meal prices is indirect and modest.
reuters.comJan 26, 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.
