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US first-quarter GDP grew 1.6%, below estimates, while core PCE inflation rose 0.3% in March. Markets pushed expectations for the first Fed cut to December, and the article says the Bank of Canada faces a wider rate gap that could weaken the Canadian dollar.
A wider Canada-US rate gap tends to weaken the loonie and raise the cost of imported goods in Canada, which feeds into domestic feed and input costs.
financialpost.comGigi SuhanicApr 29, 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.
