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National Bank of Canada economist Krishen Rangasamy said a possible loss of Canada's AAA credit rating would likely raise borrowing costs only modestly, thanks to the Bank of Canada's asset purchases. He argued a downgrade alone is unlikely to push the loonie to all-time lows unless a Canada-specific shock occurs.
Limited currency impact from a downgrade means little near-term change to import costs for Canadian feed buyers from this source.
teletrade.orgApr 29, 2020Not 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.
