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The Canadian dollar recovered on Wednesday after November GDP grew 0.2% month on month, beating the 0.1% forecast. It was the first growth reading in seven months.
The Fed rate decision and Powell press conference were due later the same day.
Stronger Canadian activity supports loonie demand, which can affect Canadian pricing of imported feed ingredients, with little direct commodity impact.
teletrade.orgJan 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.
