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The Canadian dollar rallied to two-year highs against the U.S. dollar after Statistics Canada reported May GDP growth of 0.6 percent, well above the 0.2 percent forecast. Two-year Canadian bond yields climbed toward U.S. Treasury levels as traders priced in another Bank of Canada rate hike.
A stronger loonie makes Canadian grain, canola and meal more expensive for foreign buyers, which can weigh on export demand and prices in Canadian-origin feed ingredients.
reuters.comJul 28, 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.
