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The Bank of Canada kept its overnight rate at 1.75 percent on July 10, 2019 and gave no signal of future policy moves. Its monetary policy report slightly raised 2019 Canadian growth to 1.3 percent and cut global growth to 3 percent, citing trade tensions between China and the US.
Lower global growth forecasts from trade disputes signal weaker demand for exported feed grains and proteins. Policy divergence with the Fed can also shift the loonie, affecting the cost of imported feed inputs.
theglobeandmail.comBill CurryJul 10, 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.
