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On June 13, 2017 the Canadian dollar rose to a two-month high after Bank of Canada comments suggested rates could rise sooner than expected. Odds of a 2017 rate hike jumped above 70% after stronger jobs data and hawkish remarks from Carolyn Wilkins and Stephen Poloz.
Rising rate-hike odds strengthen the Canadian dollar, making Canadian exports more expensive and affecting cross-border feed trade pricing. This is a currency driver with limited direct effect on feed commodity supply.
financialpost.comReutersJun 13, 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.
