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Statistics Canada reported that the economy grew at an annualized 4.5% quarter-over-quarter rate in the second quarter. The Canadian dollar rose 0.7% to 1.2537 against the US dollar shortly after the release.
Stronger Canadian growth supports the loonie and raises the odds of central bank tightening, which tends to pressure Canadian-linked commodity demand and canola prices in USD terms.
businessinsider.comElena HolodnyAug 31, 2017Not 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.
