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Markets expected the Bank of Canada to raise rates by a quarter point at its upcoming Monetary Policy Report release. The article recounts that a mid-January report that Trump planned to scrap NAFTA triggered a loonie plunge and changed rate-hike odds.
It highlights the central bank's sensitivity to political events.
NAFTA headlines and rate decisions move the loonie, which affects Canadian exports of grains, oilseeds and meal priced in U.S. dollars.
cbc.caDon PittisJan 15, 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.
