# Bank of Canada slows pace of rate hikes as recession fears mount | Reuters

> The Bank of Canada slowed its pace of rate hikes amid growing recession fears, and the Canadian dollar traded slightly higher at 1.3560 per USD. Economists noted the divergence with the Fed could weigh on the currency.

- Date: 2022-10-26 · published 2022-10-26T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/39348-bank-of-canada-slows-pace-of-rate-hikes-as-recession-fears-mount-reuters
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A firmer Canadian dollar and slower BoC tightening shift currency and rate dynamics for Canadian exporters, with limited direct effect on feed grain prices. The story mainly reflects macro conditions around the dollar.

## Read by commodity

- USDCAD: neutral

## Sources

- reuters.com: https://www.reuters.com/business/finance/bank-canada-set-another-supersized-hike-even-outlook-darkens-2022-10-26/

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