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Bank of Canada Deputy Governor Lawrence Schembri said the Canadian economy remained resilient while the global backdrop weakened, and the bank held its policy rate at 1.75%. He expected growth to slow in the second half of the year and identified the US-China trade war as the main risk.
The central bank's steady policy stance and view of slowing growth sets the interest-rate backdrop for the Canadian dollar, which affects currency-linked pricing of Canadian agricultural exports.
bankofcanada.caLawrence L. SchembriSep 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.
