Loading…
Canada's GDP rose in January and a preliminary estimate showed February growth of about 0.4%. The loonie pared losses to trade near 1.3579 per US dollar, and two-year yields rose.
Stronger Canadian growth reduces pressure on the Bank of Canada to cut rates, which supports the Canadian dollar and slightly weakens USD/CAD; the effect on feed grain prices is minimal.
reuters.comPromit MukherjeeMar 28, 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.
