# Canadian dollar posts 11-day high, supported by Bank of Canada’s steady rate outlook - The Globe and Mail

> The Canadian dollar strengthened to an 11-day high against the US dollar on Friday, trading near 1.3243 per greenback. The Bank of Canada's willingness to hold rates steady supported the loonie, while Alberta announced plans to ease oil production curtailments.

- Date: 2019-09-27 · published 2019-09-27T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/57321-canadian-dollar-posts-11-day-high-supported-by-bank-of-canada-s-steady-rate
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A firmer loonie makes Canadian-origin feed inputs and exports priced in USD relatively more expensive for importers, while the Alberta curtailment easing points to more oil output, which can weigh on energy-linked sentiment.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/investing/markets/inside-the-market/market-news/article-canadian-dollar-firms-as-alberta-announces-easing-of-oil-curtailments/

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