Loading…
The Bank of Canada held its policy rate at the effective lower bound of 0.25% and continued quantitative easing of at least $4 billion per week. The central bank cited faster-than-expected vaccine arrival and a weaker US dollar combined with stronger commodity prices.
Continued easy money and a weaker US dollar support commodity prices in US-dollar terms. A stronger Canadian dollar from higher commodity prices can raise the cost of Canadian exports.
bankofcanada.caMedia RelationsJan 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.
