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The Canadian dollar traded below 78 US cents after the Bank of Canada held rates at 1 per cent and signalled a pause in its hiking cycle. Observers expect further erosion amid NAFTA uncertainty and concerns about household debt.
A sliding loonie makes Canadian exports cheaper in US dollar terms and can support canola and barley competitiveness. The NAFTA uncertainty also adds risk to North American feed and grain trade flows.
theglobeandmail.comMichael BabadOct 27, 2017Not 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.
