Loading…
The Canadian dollar rebounded from a six-day low against the U.S. dollar after a cooler U.S. inflation reading kept the door open to Federal Reserve rate cuts this year. The loonie traded 0.3% higher at 1.3675 per U.S. dollar.
Canadian payroll employment rose by 51,400 in March.
Softer U.S. inflation supports a weaker dollar and firmer Canadian currency, which can make Canadian grain and oilseed exports less competitive. The effect on feed commodity prices is modest.
theglobeandmail.comFergal SmithMay 30, 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.
