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Statistics Canada data showed the economy contracted 1.1% annualized in the third quarter, a sharper decline than the forecast of slight growth. The result was still not enough to be classed as a recession because of upward revisions to the prior quarter.
A weaker Canadian economy reduces domestic demand for feed grains and livestock, and it tends to weigh on the loonie against the US dollar, which raises the cost of imported feed inputs for Canadian buyers.
reuters.comIsmail ShakilNov 30, 2023Not 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.
