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The Canadian dollar fell to an 11-day low against the US dollar on April 30 after slower-than-expected GDP growth. For April the loonie lost 1.5%, its biggest monthly decline since October, as money markets priced Bank of Canada cuts ahead of the Fed.
Diverging rate expectations are weakening the loonie, which raises the cost of Canadian-origin feed inputs priced in US dollars for buyers in USD terms and shifts export competitiveness for Canadian canola and barley.
kitco.comApr 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.
