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The Canadian dollar outperformed sterling and other majors after Statistics Canada reported that the economy was more resilient in May than expected. Analysts said Q2 growth ran near 4.5% annualized, supporting further Bank of Canada tightening.
Stronger Canadian data and hawkish central bank expectations support the loonie, which can pressure USD-priced commodities slightly.
poundsterlinglive.comJames SkinnerJul 29, 2022Not 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.
