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Economists increasingly expect the Bank of Canada to cut rates this year, with a move as early as its September 4 decision. Implied market odds gave only a 20% chance of a September cut, but one cut by December was fully priced.
Macquarie's David Doyle cited a slowing Canadian economy, weaker global demand and an inverting yield curve.
Expected rate cuts widen the interest-rate gap with the U.S. and weaken the Canadian dollar, which raises the loonie cost of U.S.-priced feed imports for Canadian buyers.
financialpost.comAug 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.
