# Posthaste: Canadian dollar poised to become the ‘hottest money’ in the industrialized world - Financial Post

> Markets expected the Bank of Canada to hold rates on October 30 while the Fed cut, which would give the US a lower policy rate than Canada for the first time in three years. Bullish bets on the Canadian dollar reached their highest since February 2018. Analysts expected the loonie to test the 1.30 level.

- Date: 2019-10-30 · published 2019-10-30T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/56796-posthaste-canadian-dollar-poised-to-become-the-hottest-money-in-the
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A widening rate gap drawing hot-money flows into the loonie shifts currency values that affect Canadian export pricing and US import costs for feed ingredients.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- financialpost.com: https://financialpost.com/news/posthaste-canadian-dollar-poised-to-be-the-hottest-money-in-the-industrialized-world/

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