Loading…
The Bank of Canada held its overnight rate at 0.25%, ruling out a micro rate cut that markets had partly priced in. The loonie rose to a near three-year high against the US dollar as Wall Street hit record highs.
Holding rates supports a firmer Canadian dollar, which raises the US-dollar cost of Canadian feed inputs and exports. The decision signals stable Canadian monetary conditions.
theglobeandmail.comFergal SmithJan 20, 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.
