# Canadian dollar keeps to narrow range as investors brace for key GDP data - The Globe and Mail

> 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.

- Date: 2019-11-28 · published 2019-11-28T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/56302-canadian-dollar-keeps-to-narrow-range-as-investors-brace-for-key-gdp-data-the
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

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.

## Read by commodity

- USDCAD: neutral

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/investing/markets/inside-the-market/market-news/article-canadian-dollar-keeps-to-narrow-range-as-investors-weigh-us-china/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.