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Bank of Canada Senior Deputy Governor Carolyn Wilkins said at the July 10, 2019 press conference that Canada's economy is returning to trend growth as the US slows. She said global trade tensions, particularly between China and the US, have had a greater toll on trade and business investment than expected.
Expectations of slower global trade growth reduce demand for grain and oilseed exports and weigh on commodity prices. Canada's policy stance also affects the loonie, which influences the value of Canadian exports.
bankofcanada.caCarolyn A. WilkinsJul 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.
