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The Bank of Canada raised its overnight rate target to 0.75 percent, citing strong growth and absorption of excess capacity. The bank acknowledged softer inflation but judged it temporary and noted that elevated geopolitical uncertainty clouds trade and investment outlooks.
Higher Canadian interest rates attract capital and support the loonie, which can make Canadian-origin grains and meals less competitive abroad.
bankofcanada.caMedia RelationsJul 12, 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.
