# Bank of Canada may pause interest rate hikes when it sees GDP data

> Economists expect Canada's Q2 GDP to show a slowdown, with RBC forecasting 0.5% growth against a 1% preliminary estimate. The data is the last major release before the Bank of Canada's September 6 decision, and July CPI came in at 3.3%.

- Date: 2023-08-29 · published 2023-08-29T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/34821-bank-of-canada-may-pause-interest-rate-hikes-when-it-sees-gdp-data
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A weaker economy could prompt a Bank of Canada pause, which would ease pressure on the loonie and affect Canadian-origin feed export pricing.

## Read by commodity

- USDCAD: neutral

## Sources

- financialpost.com: https://financialpost.com/news/bank-of-canada-may-hold-interet-rate-gdp-data/

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