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The Canadian dollar was little changed after July factory sales fell 1.3%, far worse than the 0.3% decline expected, as plant shutdowns hit primary metals and autos. The loonie recovered from a near two-week low as the US dollar broadly weakened.
Weak Canadian factory data signals slowing trade-exposed activity and heightens the chance of Bank of Canada easing, which can weigh on the loonie and influence USD/CAD pricing for Canadian commodity buyers.
theglobeandmail.comFergal SmithSep 17, 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.
