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The Canadian dollar fell nearly a cent to 81.3 US cents after Deputy Governor Lane said the Bank of Canada was paying close attention to the stronger currency and the impact of two rate hikes. Analysts read the remarks as a signal of a more gradual pace of rate increases.
Expectations of slower Canadian rate hikes weaken the loonie, which can make Canadian canola meal and other exports cheaper for US buyers in dollar terms.
theglobeandmail.comBarrie McKennaSep 18, 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.
