# Higher US Fed rates 'not a major concern' for C$, BoC's Macklem says | Financial Post

> Bank of Canada Governor Tiff Macklem told a Senate committee that higher U.S. interest rates are not a major concern for the Canadian dollar. He said the central bank would only respond if the loonie depreciated substantially.

- Date: 2023-04-20 · published 2023-04-20T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/36640-higher-us-fed-rates-not-a-major-concern-for-c-boc-s-macklem-says-financial-post
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A central bank that is willing to tolerate currency moves reduces the chance of policy-driven swings in the loonie. Canada-U.S. exchange rate stability matters for cross-border grain and oilseed pricing.

## Read by commodity

- USDCAD: neutral

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/higher-us-fed-rates-not-a-major-concern-for-c-bocs-macklem-says

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