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The Bank of Canada held its overnight rate at 1.75 percent on December 5 and signaled that future hikes could be more gradual. The Canadian dollar fell almost a cent, and markets sharply cut bets on a January rate increase.
Expectations of slower Canadian rate hikes weaken the loonie, which supports Canadian export competitiveness for grains and oilseeds and dampens the currency-driven cost of imports.
financialpost.comReutersDec 5, 2018Not 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.
