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The Canadian dollar weakened slightly against the greenback, pulling back from a five-day high, as investors awaited Canada's third-quarter GDP data. Economists expected growth to have slowed from 3.7% annualized in the second quarter.
Wall Street closed at record levels ahead of the Thanksgiving holiday.
Investors are positioning around GDP data that could shift Bank of Canada rate expectations, which drive the loonie. Any move in the currency has limited direct effect on feed grain or protein prices.
financialpost.comReutersNov 27, 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.
