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The loonie fell to about 75 U.S. cents after Fed officials signalled a possible March rate hike and the Bank of Canada kept a cautious tone and its rate at 0.5 per cent. The Canadian dollar dropped as low as 74.87 cents.
Divergence between a hawkish Fed and a dovish Bank of Canada weakens the loonie, which can make Canadian grain and oilseed exports more competitive on world markets.
theglobeandmail.comMichael BabadMar 1, 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.
