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Bank of Canada deputy governor Timothy Lane said uncertainty over U.S. trade policy is holding back Canadian business investment and slowing growth. He also cited lower oil prices, a softer housing market and U.S. rate hikes as pressures on the Canadian dollar.
The central bank was expected to hold rates on March 6.
Trade uncertainty and a weaker loonie put downward pressure on the Canadian dollar, which raises the USD/CAD rate. A weaker loonie can support Canadian exporters, including canola and grain sellers.
financialpost.comReutersFeb 6, 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.
