# BOC Preview - Staying Cautious about the Uneven Recovery - ActionForex

> ActionForex expects the Bank of Canada to hold its policy rate at 0.25% and keep a cautious tone. Canadian September payrolls rose sharply and unemployment fell to 9%, while GDP growth slowed in July.

- Date: 2020-10-24 · published 2020-10-24T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/50860-boc-preview-staying-cautious-about-the-uneven-recovery-actionforex
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Central bank policy and a recovering labour market shape the loonie's path, which affects Canadian export pricing with little direct impact on feed grain markets.

## Read by commodity

- USDCAD: neutral

## Sources

- actionforex.com: https://www.actionforex.com/action-insight/central-bank-analysis/335813-boc-preview-staying-cautious-about-the-uneven-recovery/

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