# Canadian dollar could fall to lows seen only in economic shocks

> Economists warn the Canadian dollar could fall below 70 U.S. cents as the 125-basis-point gap between Bank of Canada and Federal Reserve policy rates widens. The Bank of Canada cut rates by 50 basis points in October, while the Fed is expected to ease less than previously anticipated.

- Date: 2024-10-29 · published 2024-10-29T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/28116-canadian-dollar-could-fall-to-lows-seen-only-in-economic-shocks
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A widening rate gap that pushes the loonie lower raises the Canadian-dollar cost of U.S. feed grains and soybean meal. It is a currency-driven cost pressure rather than a supply shock.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- financialpost.com: https://financialpost.com/news/posthaste-canadian-dollar-at-risk-of-falling-to-lows-only-seen-during-economic-shocks/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.