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Canada's annual inflation eased to 2.8% in August from 3.0% in July, but remained above the Bank of Canada's 2% target for a seventh straight month. Market odds of an October rate hike rose to about 89% after the release.
Persistent Canadian inflation and likely BoC tightening support the loonie and raise borrowing costs, with limited direct effect on feed commodity prices.
financialpost.comReutersSep 21, 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.
