# Canada's economy expands 0.3% in April; another gain seen in May | Reuters

> 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.

- Date: 2024-06-28 · published 2024-06-28T12:00:00.000Z
- Category: report · region Canada · magnitude low
- Page: https://feedsoft.ai/events/30018-canada-s-economy-expands-0-3-in-april-another-gain-seen-in-may-reuters
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Stronger Canadian growth supports domestic demand for livestock feed but has little immediate effect on global feed prices. The currency reaction was minor.

## Read by commodity

- USDCAD: neutral

## Sources

- reuters.com: https://www.reuters.com/markets/canadas-economy-expands-03-april-another-gain-seen-may-2024-06-28/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.