# Canadian dollar posts 9-month high as investors focus on rate divergence - The Globe and Mail

> The Canadian dollar rose to a nine-month high against the US dollar on July 12, 2019, as the Bank of Canada's steady stance contrasted with expected Fed rate cuts. Speculators also raised bullish bets on the loonie.

- Date: 2019-07-12 · published 2019-07-12T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/58335-canadian-dollar-posts-9-month-high-as-investors-focus-on-rate-divergence-the
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A firmer Canadian dollar makes US-dollar-priced Canadian canola and other exports more expensive, which can weigh on Canadian oilseed export prices. It also reflects expected US easing, which tends to support commodity prices in general.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/investing/markets/inside-the-market/market-news/article-canadian-dollar-notches-9-month-high-underpinned-by-boc-rate-outlook/

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