# USD/CAD: A credit downgrade would not hammer the loonie as much as expected – NBF: Analytics and Market news from 29 квітня 2020 08:39

> National Bank of Canada economist Krishen Rangasamy said a possible loss of Canada's AAA credit rating would likely raise borrowing costs only modestly, thanks to the Bank of Canada's asset purchases. He argued a downgrade alone is unlikely to push the loonie to all-time lows unless a Canada-specific shock occurs.

- Date: 2020-04-29 · published 2020-04-29T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/53869-usd-cad-a-credit-downgrade-would-not-hammer-the-loonie-as-much-as-expected-nbf
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Limited currency impact from a downgrade means little near-term change to import costs for Canadian feed buyers from this source.

## Read by commodity

- USDCAD: neutral

## Sources

- teletrade.org: https://www.teletrade.org/uk/analytics/market-analysis/market-news/3628345

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