Loading…
The Bank of Canada held its overnight rate at the effective lower bound of 0.25% and kept its quantitative easing program at a pace of at least $4 billion per week. The bank said it would maintain extraordinary forward guidance until inflation is sustainably at target.
Low rates and continued bond buying support the loonie relative to the US dollar in the near term. The policy signals tend to keep Canadian borrowing costs low for farm and feed operators.
bankofcanada.caMedia RelationsMar 10, 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.
