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Statistics Canada data showed the Canadian economy stalled in August, with GDP flat after July, and a preliminary forecast of flat September GDP. Economists see the third quarter likely contracting, possibly tipping Canada into a shallow recession after the Bank of Canada's ten rate hikes.
Weaker Canadian demand and a likely end to rate hikes weigh on the loonie and the macro backdrop for North American feed demand, with limited direct grain price impact.
reuters.comIsmail ShakilOct 31, 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.
