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The Canadian dollar edged lower against the US dollar after data showed Canada's economy slipped into a technical recession in Q1, with GDP declining at an annualized 0.1% versus expectations of 1.5% growth. The loonie traded around 1.3790 per US dollar.
A weak GDP print reduces the chance of Bank of Canada rate hikes, weakening the loonie; for feed buyers this matters mainly through Canadian canola and barley export pricing in USD terms.
reuters.comFergal SmithMay 29, 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.
