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The Bank of Canada kept its overnight rate target at 1.75% and lowered its near-term growth outlook. It cited weaker exports, soft business investment and softer consumer data.
A weaker Canadian economy and possible future rate cuts can weigh on the loonie, indirectly affecting Canadian export commodity pricing.
bankofcanada.caMedia RelationsJan 22, 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.
