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Bank of Canada Senior Deputy Governor Carolyn Wilkins restated the central bank's position in a Montreal speech on November 19, leaving rates unchanged. The Canadian dollar lost about 0.3% after her remarks.
Analysts said the speech did not signal near-term rate cuts.
Expectations of stable Canadian rates support the loonie and set the currency backdrop for commodity-linked exporters. The effect on feed ingredient prices is small.
financialpost.comKevin CarmichaelNov 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.
