Loading…
Canadian GDP was unchanged in July after a 0.2% gain in June, below expectations, with oil and gas extraction falling 3%, the largest monthly drop since 2016. The loonie sold off after the release, pushing USD/CAD to 1.3281.
Stalled growth and weaker oil output raise doubts about Canadian economic resilience and could weaken the loonie, which lifts USD/CAD and affects the local-currency cost of Canadian-origin feed commodities.
ofx.comTuesdaySep 30, 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.
