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The Bank of Canada held its benchmark rate at 1.25 percent but removed its previous caution about future hikes and said higher rates would be warranted, prompting the Canadian dollar to jump from below 77 U.S. cents. Economists began to expect a rate increase in the coming months.
Tighter Canadian monetary policy supports the loonie, which raises the cost of Canadian-origin commodities for U.S. buyers and can shift Canadian canola meal and barley export pricing.
theglobeandmail.comMichael BabadMay 30, 2018Not enough comparable past events yet for a historical read.
Not 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.
