# Bank of Canada signals hikes coming soon, leaves key interest rate unchanged | Reuters

> The Bank of Canada left its key interest rate unchanged on Jan. 26 but signaled that rate hikes are coming soon. Officials said inflation would stay higher for longer. The Canadian dollar traded slightly stronger after the decision, after giving back some early gains.

- Date: 2022-01-26 · published 2022-01-26T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/43391-bank-of-canada-signals-hikes-coming-soon-leaves-key-interest-rate-unchanged
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A firmer loonie on rate-hike expectations makes Canadian-dollar-priced imports cheaper for Canadian feed buyers. The effect on grain and meal prices is indirect and modest.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/business/finance/hike-or-not-its-toss-up-ahead-bank-canada-rate-decision-2022-01-26/

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