Loading…
The Canadian dollar jumped to above 82 US cents, its highest level in two years, after the Bank of Canada raised its benchmark rate to 1 per cent. The move was the first hike in seven years in July followed by a second in September.
A stronger loonie following a rate hike raises the US-dollar price of Canadian exports such as canola meal, a bearish factor for those prices and a shift in Canadian export competitiveness.
cbc.caPete EvansSep 6, 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.
