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

> Canada's inflation rate fell to 2.5% in July, matching forecasts, which solidified market bets on a Bank of Canada rate cut. Money markets priced a 25 basis point cut at the September 4 meeting at about 96% probability.

- Date: 2024-08-20 · published 2024-08-20T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/29035-how-economist-views-and-market-bets-for-further-boc-rate-cuts-have-shifted
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Expectations of Bank of Canada easing weigh on the Canadian dollar and borrowing costs, with little direct effect on feed grain or oilseed prices.

## Read by commodity

- USDCAD: neutral

## Sources

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

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