# Canadian dollar gains ground after Stephen Poloz says that monetary policy is appropriate | Financial Post

> The Canadian dollar strengthened to 75.35 U.S. cents after coming off six-week lows, following Bank of Canada Governor Stephen Poloz's remarks that current monetary policy was appropriate. Earlier, Senior Deputy Governor Carolyn Wilkins had said the central bank had room to cut rates. China said it would keep working toward an initial trade agreement with the United States.

- Date: 2019-11-21 · published 2019-11-21T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/56310-canadian-dollar-gains-ground-after-stephen-poloz-says-that-monetary-policy-is
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Signals of steady Canadian rates and progress on U.S.-China trade support commodity-linked currencies and demand expectations. The move is modest and trading stayed range-bound.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- financialpost.com: https://financialpost.com/news/economy/loonie-rises-after-poloz-comments-that-monetary-conditions-appropriate

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