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Bank of Canada Governor Stephen Poloz told a House of Commons committee that the bank cut its 2019 Canadian growth forecast to 1.2 per cent, with near 2 per cent expected in 2020 and 2021. He attributed the slowdown mainly to the US-led trade war delaying business investment globally.
Trade-war-driven global slowdown weighs on commodity demand and trade flows, a mildly bearish signal for export-oriented grains and oilseeds.
bankofcanada.caStephen S. PolozApr 1, 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.
