# Canadian dollar a factor in Bank of Canada rate decisions

> Bank of Canada senior deputy governor Carolyn Rogers said the central bank will watch the loonie when deciding whether to hold rates or hike again. She noted that a weaker Canadian dollar could raise import costs and inflation pressure.

- Date: 2023-03-10 · published 2023-03-10T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/37101-canadian-dollar-a-factor-in-bank-of-canada-rate-decisions
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Signals that a weaker loonie could affect BoC policy add to the case for a firmer U.S. dollar against the Canadian dollar, which raises the cost of dollar-priced imports for Canadian buyers.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- financialpost.com: https://financialpost.com/economy/canadian-dollar-factor-in-bank-of-canada-rate-decisions/

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