# How economists and market bets for BoC rate cuts are reacting to Canada’s inflation data

> Canada's annual inflation rate came in at 3.1% in November, above the 2.9% expected, and month-over-month CPI rose 0.1%. Money markets trimmed bets on a Bank of Canada rate cut in March, while the Canadian dollar and two-year yields rose.

- Date: 2023-12-19 · published 2023-12-19T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/32944-how-economists-and-market-bets-for-boc-rate-cuts-are-reacting-to-canada-s
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Higher-for-longer Canadian rates support the loonie and the currency-driven demand picture for Canadian-linked commodities, with little direct effect on feed grain prices.

## Read by commodity

- USDCAD: bearish ▼

## Sources

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

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