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Canada's first-quarter GDP grew at a 2.2% annualized rate, above expectations, led by exports and business investment. Exports were boosted by U.S. companies stockpiling Canadian goods ahead of tariffs, while imports rose and household spending slowed.
Markets priced an 82% chance of a Bank of Canada rate pause at the following week's meeting.
Stronger Canadian growth supports the loonie, which trims the cost of Canadian feed exports in U.S. dollars. The front-loading of exports ahead of tariffs suggests some of this strength may reverse later.
reuters.comPromit MukherjeeMay 30, 2025Not 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.
