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The Bank of Canada ended its quantitative easing bond-purchase program and moved up its expected timing for interest rate increases, possibly as soon as April. Its forecasts show inflation near 5% for the rest of the year.
The bank cited higher energy prices and pandemic supply bottlenecks as the main inflation drivers.
A faster tightening path tends to strengthen the Canadian dollar against the U.S. dollar, which lowers USD/CAD. Higher borrowing costs also raise financing costs for Canadian feed and livestock operations.
financialpost.comKevin CarmichaelOct 27, 2021Not 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.
