# Loonie Traders Buoyed by Fastest Population Growth Since 1971 - Bloomberg

> Canada's population growth reached its fastest pace since 1971 through a large inflow of immigrants and non-permanent residents. The Bank of Canada held its policy rate unchanged, which supported the loonie.

- Date: 2019-12-20 · published 2019-12-20T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/55804-loonie-traders-buoyed-by-fastest-population-growth-since-1971-bloomberg
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Strong population growth supports Canadian domestic demand for meat and dairy feed, but the story mainly explains currency strength and has little direct price effect on feed commodities.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2019-12-20/forget-rate-decisions-loonie-traders-bank-on-canada-immigration

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