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The loonie fell nearly a cent on Thursday to 77.1 U.S. cents after the U.S. announced steel and aluminum tariffs on Canada. A Statistics Canada report also showed first-quarter growth slowing to 1.3 percent annualized, below analyst expectations.
Tariffs and weaker Canadian growth reduce demand for U.S. exports into Canada and threaten trade flows that support U.S. feed grain and meat demand, while the weaker loonie shifts currency-driven pricing.
huffpost.comMay 31, 2018Not 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.
