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The Bank of Canada held its policy rate at 1 per cent and said it expects inflation to reach its 2 per cent target in the second half of 2018, a little later than projected in July. Governor Poloz said the stronger Canadian dollar in 2017 contributed to the delay and that future rate adjustments will be cautious.
A cautious central bank with a firmer loonie tends to weigh on Canadian dollar-linked assets and can make Canadian exports less competitive. For feed buyers, a weaker loonie would generally support Canadian canola and barley export values.
bankofcanada.caStephen S. Poloz Carolyn A. WilkinsOct 1, 2017Not 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.
