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Canada's economy grew 4.5% in the second quarter, the fastest pace in 15 years, beating even bullish forecasts. Market odds of a September Bank of Canada hike rose to nearly 50% from about 20% before the data.
The surprise growth figure shifts expectations toward earlier Bank of Canada tightening, which strengthens the loonie and can weigh on Canadian export commodity prices.
financialpost.comDrew HasselbackAug 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.
