# Stocks get reality check from earnings, central banks in focus

> The Bank of Canada ended its bond purchases earlier than expected and signalled that rate hikes could come as soon as April. The Canadian dollar held firm at C$1.2362 per U.S. dollar after the announcement.

- Date: 2021-10-28 · published 2021-10-28T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/44815-stocks-get-reality-check-from-earnings-central-banks-in-focus
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

The hawkish central bank signal supports the loonie and puts downward pressure on USD/CAD. Canadian currency moves affect the cost of imported feed inputs and Canadian export competitiveness.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/business/finance/global-markets-wrapup-1-2021-10-28/

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