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Bank of Canada Governor Stephen Poloz gave a speech in Victoria promising greater transparency, but markets read it as a sign he might not raise rates in July. The Canadian dollar slid to new recent lows against the U.S. dollar after the speech.
A weaker loonie makes US-priced feed imports costlier for Canadian buyers, while a dovish rate outlook reduces pressure on the currency.
cbc.caDon PittisJun 28, 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.
