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The Bank of Canada raised its overnight rate target to 1.5 percent on July 11, 2018. The bank cited a stronger US economy, higher oil prices and trade protectionism as the main risks to global growth.
Higher Canadian rates tend to support the loonie and raise financing costs for feed and livestock operators, while trade protectionism is flagged as the top threat to demand.
bankofcanada.caMedia RelationsJul 11, 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.
