# Canadian economy resilient even as global outlook worsens - Bank of Canada

> Bank of Canada Deputy Governor Lawrence Schembri said the Canadian economy remained resilient while the global backdrop weakened, and the bank held its policy rate at 1.75%. He expected growth to slow in the second half of the year and identified the US-China trade war as the main risk.

- Date: 2019-09-01 · published 2019-09-01T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/57327-canadian-economy-resilient-even-as-global-outlook-worsens-bank-of-canada
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

The central bank's steady policy stance and view of slowing growth sets the interest-rate backdrop for the Canadian dollar, which affects currency-linked pricing of Canadian agricultural exports.

## Sources

- bankofcanada.ca: https://www.bankofcanada.ca/2019/09/canadian-economy-resilient-even-as-global-outlook-worsens/

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