Loading…
The Canadian economy expanded at an annualized 1.7% rate in the first quarter, missing forecasts. Real GDP likely rose 0.3% month over month in April.
The data was released on Friday, May 31.
Weaker growth raises expectations of Bank of Canada easing, which tends to pressure the loonie. This affects the currency value of Canadian grain and oilseed exports more than their underlying supply.
reuters.comMay 31, 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.
