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Bank of Canada Governor Tiff Macklem told the House of Commons that interest rates may need to rise further and did not see fiscal policy as hindering the fight against inflation. The Canadian dollar was mixed against major peers on the day, down 0.22% against the US dollar.
Higher Canadian rates tend to support the loonie, which affects the dollar cost of Canadian canola and other exports to feed buyers. The hawkish signal also points to tighter financing conditions for the livestock sector.
markets.capitalNov 5, 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.
