# Bank of Canada opens door to rate cut on persistent slowdown | Canada News Media

> The Bank of Canada held rates at 1.75% but signaled a rate cut could come if the domestic slowdown persists. The Canadian dollar fell as much as 0.6% after the decision.

- Date: 2020-01-23 · published 2020-01-23T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/55303-bank-of-canada-opens-door-to-rate-cut-on-persistent-slowdown-canada-news-media
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Expectations of future rate cuts weaken the Canadian dollar, a currency relevant to Canadian canola and grain export pricing.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- canadanewsmedia.ca: https://canadanewsmedia.ca/bank-of-canada-opens-door-to-rate-cut-on-persistent-slowdown/

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