# How market bets and economist views for future BoC rate cuts have shifted after Tuesday’s inflation data - The Globe and Mail

> The Canadian dollar fell to 73.42 U.S. cents after August inflation came in softer than expected at 2%. Money markets kept bets on a Bank of Canada rate cut on October 23, with roughly even odds between 25 and 50 basis points.

- Date: 2024-09-17 · published 2024-09-17T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/28565-how-market-bets-and-economist-views-for-future-boc-rate-cuts-have-shifted-after
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Softer inflation increases the chance of faster Bank of Canada easing, which pressures the loonie and supports a weaker CAD against the U.S. dollar. The effect on feed input prices is indirect.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/investing/markets/inside-the-market/article-how-market-bets-for-future-boc-rate-cuts-have-shifted-after-todays/

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