# A Bank of Canada rate cut is looking more likely and the first could come as early as September | Financial Post

> Economists increasingly expect the Bank of Canada to cut rates this year, with a move as early as its September 4 decision. Implied market odds gave only a 20% chance of a September cut, but one cut by December was fully priced. Macquarie's David Doyle cited a slowing Canadian economy, weaker global demand and an inverting yield curve.

- Date: 2019-08-20 · published 2019-08-20T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/57826-a-bank-of-canada-rate-cut-is-looking-more-likely-and-the-first-could-come-as
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Expected rate cuts widen the interest-rate gap with the U.S. and weaken the Canadian dollar, which raises the loonie cost of U.S.-priced feed imports for Canadian buyers.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- financialpost.com: https://financialpost.com/news/economy/a-bank-of-canada-rate-cut-is-looking-more-likely-and-the-first-could-come-as-early-as-september

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