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The Canadian dollar held its gains on April 22, 2021, after the Bank of Canada signalled it could start raising rates in late 2022 and trimmed its bond purchases. The loonie traded near 1.2500 to the US dollar.
A more hawkish Bank of Canada narrows the yield gap with the US and supports the loonie, which lowers the Canadian-dollar cost of US-priced feed imports. The effect on grain prices is limited.
financialpost.comReutersApr 22, 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.
