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The Canadian dollar rose on Monday as expectations grew that the Bank of Canada would hold off on rate cuts after inflation hit 2.4% in May. Markets saw about a 50% chance of a cut by December, while US and euro zone easing was seen as possible by July.
A firmer loonie makes Canadian canola and barley exports more expensive in US dollars, which can support Canadian oilseed prices relative to competitors.
theglobeandmail.comFergal SmithJun 24, 2019Not enough comparable past events yet for a historical read.
Not 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.
