# Bank of Canada signals it may stop adding stimulus to economy soon

> The Bank of Canada signalled it may soon stop adding stimulus to the economy. The Canadian dollar traded 0.5% higher at 1.2625 to the greenback.

- Date: 2021-09-09 · published 2021-09-09T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/45283-bank-of-canada-signals-it-may-stop-adding-stimulus-to-economy-soon
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Monetary tightening expectations support the loonie and reflect a stronger domestic economy, with little direct effect on feed commodity prices.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/world/americas/bank-canada-signals-quantitative-easing-may-not-be-needed-much-longer-2021-09-09/

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