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Canada's economy stalled in July, edging up slightly, as earlier Bank of Canada rate hikes took effect. The Canadian dollar traded 0.4% higher at 1.3434 per US dollar as the greenback retreated from recent gains.
Slowing Canadian growth reduces domestic demand pressure, and currency moves against the USD affect the relative cost of Canadian grain and oilseed exports.
reuters.comDavid LjunggrenSep 29, 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.
