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The Canadian dollar strengthened to an 11-day high after Statistics Canada reported annual inflation of 2.2%, a three-year high. Chances of a Bank of Canada hike in May rose to 82%, while January retail sales were weaker than expected.
Higher Canadian rates and a firmer loonie make Canadian exports pricier and shift currency flows, which can affect Canadian canola and pulse export competitiveness. The move is a modest currency driver rather than a direct grain price event.
financialpost.comReutersMar 23, 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.
