# Canadian dollar could thwart Bank of Canada rate cuts | Financial Post

> BofA cut its Canadian dollar forecast, expecting it to fall to 72.99 US cents in Q2 2024 and 75.75 by end-2025 as the Bank of Canada and Fed diverge. It warns a steep currency drop could add about 1 percentage point to inflation.

- Date: 2024-04-25 · published 2024-04-25T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/30974-canadian-dollar-could-thwart-bank-of-canada-rate-cuts-financial-post
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A forecast of a weaker loonie raises the Canadian-dollar cost of US-priced feed ingredients and could pressure Canadian feed margins, though the impact is gradual.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- financialpost.com: https://financialpost.com/news/canadian-dollar-could-thwart-bank-of-canada-rate-cuts

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