# BREAKING: Bank of Canada leaves rates unchanged, CAD plunges | XTB

> The Bank of Canada left rates unchanged as expected, but the statement weakened the Canadian dollar. The bank lowered its Q1 2020 growth forecast to 1.3% from 1.7%.

- Date: 2020-01-22 · published 2020-01-22T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/55304-breaking-bank-of-canada-leaves-rates-unchanged-cad-plunges-xtb
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

The slower growth outlook and softer currency affect Canadian export-linked commodity values, though the direct feed impact is small.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- xtb.com: https://www.xtb.com/en/market-analysis/breaking-bank-of-canada-leaves-rates-unchanged-cad-plunges

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