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The Canadian dollar was little changed against the U.S. dollar, trading near 1.3280, as investors awaited Canada's third-quarter GDP data due Friday. Economists expected growth to have slowed, which could shape Bank of Canada rate expectations ahead of its December 4 decision.
U.S.-China tensions also rose after China vowed to retaliate against U.S. Hong Kong legislation.
Currency moves tied to Canadian rate expectations and trade tensions affect the cost of Canadian-sourced feed ingredients and the loonie's pull on commodity-linked trade. The effect on feed prices is indirect and small.
theglobeandmail.comFergal SmithNov 28, 2019Not 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.
