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The Bank of Canada ended its bond purchases earlier than expected and signalled that rate hikes could come as soon as April. The Canadian dollar held firm at C$1.2362 per U.S. dollar after the announcement.
The hawkish central bank signal supports the loonie and puts downward pressure on USD/CAD. Canadian currency moves affect the cost of imported feed inputs and Canadian export competitiveness.
reuters.comHideyuki SanoOct 28, 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.
