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The Bank of Canada left rates unchanged as expected, but the statement weakened the Canadian dollar. The bank lowered its Q1 2020 growth forecast to 1.3% from 1.7%.
The slower growth outlook and softer currency affect Canadian export-linked commodity values, though the direct feed impact is small.
xtb.comJan 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.
