# Monetary Policy Report Press Conference Opening Statement - Bank of Canada

> Bank of Canada Senior Deputy Governor Carolyn Wilkins said at the July 10, 2019 press conference that Canada's economy is returning to trend growth as the US slows. She said global trade tensions, particularly between China and the US, have had a greater toll on trade and business investment than expected.

- Date: 2019-07-01 · published 2019-07-01T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/58337-monetary-policy-report-press-conference-opening-statement-bank-of-canada
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Expectations of slower global trade growth reduce demand for grain and oilseed exports and weigh on commodity prices. Canada's policy stance also affects the loonie, which influences the value of Canadian exports.

## Sources

- bankofcanada.ca: https://www.bankofcanada.ca/2019/07/opening-statement-100719/

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