# Economists diverge on Bank of Canada interest rate decision

> Economists at Capital Economics and Scotiabank disagree on whether the Bank of Canada will pause or hike again at its September 6 decision. The policy rate sits at 5%, a 22-year high, and markets price a 25% chance of a September hike.

- Date: 2023-08-31 · published 2023-08-31T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/34820-economists-diverge-on-bank-of-canada-interest-rate-decision
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Canadian interest rate direction shapes the loonie's value and therefore the relative cost of Canadian feed exports, but the outlook is largely a currency and rates story.

## Read by commodity

- USDCAD: neutral

## Sources

- financialpost.com: https://financialpost.com/news/economists-diverge-bank-of-canada-interest-rate-decision/

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