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Bank of Canada Governor Stephen Poloz said on June 29, 2017 that the 2015 rate cuts had done their job and growth was running above potential. The Canadian dollar rose to a four-month high of 76.44 US cents, and markets increased bets on a rate hike at the next decision.
Expected Canadian rate hikes lift the loonie, which makes Canadian exports pricier and can shift canola meal and other Canadian feed supply competitiveness. The effect on feed prices is indirect and modest.
obj.caThe Canadian PressJun 29, 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.
