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The Canadian dollar gained against a weak U.S. dollar on July 20, 2018 after annual inflation rose to 2.5 percent in June and May retail sales rose 2.0 percent. Markets raised odds of another Bank of Canada rate hike later in 2018.
Stronger domestic data and rate-hike expectations support the loonie, which can narrow the price advantage of Canadian-origin supplies for importers of canola and other feed inputs.
theglobeandmail.comGertrude Chavez-DreyfussJul 20, 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.
