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Bank of Canada Governor Stephen Poloz said on October 30 that the worsening global situation was the primary concern, with economic forecasts marked down in most countries due to trade escalation. He warned that tariffs and trade restrictions permanently reduce potential output and raise consumer prices.
The bank held its policy rate at 1.75%.
Weaker global growth expectations from trade escalation point to softer demand for commodities and feed, with a stagflationary risk that complicates central bank responses.
bankofcanada.caStephen S. PolozOct 1, 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.
