# Canadian dollar pares weekly loss, BoC signal raises ‘two-way risk’ for currency - The Globe and Mail

> The Canadian dollar edged higher on Friday but posted a weekly decline of 0.2%. Investors are watching the Bank of Canada's shift in guidance toward when to cut rates rather than whether to hike, which is expected to add two-way risk to the currency.

- Date: 2024-01-26 · published 2024-01-26T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/32334-canadian-dollar-pares-weekly-loss-boc-signal-raises-two-way-risk-for-currency
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Currency volatility shifts feed import costs and Canadian export competitiveness, but the effect on grain and oilseed prices is marginal.

## Read by commodity

- USDCAD: neutral

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/investing/markets/inside-the-market/market-news/article-canadian-dollar-pares-weekly-loss-boc-signal-raises-two-way-risk-for/

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