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The Bank of Canada raised its policy rate by a quarter point to 2.5% on October 28, its first increase since 2023. Savings and GIC rates have risen in response, and firms plan to pass higher energy costs on to customers.
Weaker third-quarter growth and the Democratic midterm win have softened the case for further hikes.
Higher Canadian rates raise financing costs for feedlots, feed mills and farms, and a firmer CAD can affect canola and meal export competitiveness. The effect on feed prices is indirect.
theglobeandmail.comAli NassimiNov 4, 2026Not 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.
