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Canada's population growth reached its fastest pace since 1971 through a large inflow of immigrants and non-permanent residents. The Bank of Canada held its policy rate unchanged, which supported the loonie.
Strong population growth supports Canadian domestic demand for meat and dairy feed, but the story mainly explains currency strength and has little direct price effect on feed commodities.
bloomberg.comShelly HaganDec 20, 2019Not 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.
