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The Canadian dollar weakened past 1.378 per USD after Q1 GDP contracted from a year earlier and core inflation slowed to a five-year low. Markets broadly expect the Bank of Canada to hold rates at its June 10 meeting.
Softer data reduces the likelihood of BoC tightening, keeping pressure on the loonie and affecting the USD value of Canadian grain and oilseed exports.
tradingeconomics.comIsabela CoutoMay 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.
