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The Bank of Canada held its key rate at 1 per cent after two hikes, citing high household debt, a pronounced drop in housing prices and NAFTA negotiation risks. It said uncertainty over US trade policy could shrink business investment by 0.7 per cent in 2017 and 2018.
A slower rate-hike path and NAFTA risk weigh on the loonie, supporting higher USD/CAD and making Canadian exports cheaper abroad. A breakdown in NAFTA talks would also threaten North American feed and grain trade flows.
financialpost.comJesse SnyderOct 25, 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.
