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Canada's gross domestic product rose 0.3% in April, in line with market expectations, as growth rebounded across several sectors. The Canadian dollar edged up about 0.1% to 1.3686 per US dollar after the release.
Economists had expected another gain in May.
Stronger Canadian growth supports domestic demand for livestock feed but has little immediate effect on global feed prices. The currency reaction was minor.
reuters.comIsmail Shakil, Promit MukherjeeJun 28, 2024Not 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.
