# Bank of Canada leaves rates on hold amid global trade tensions - The Globe and Mail

> The Bank of Canada kept its overnight rate at 1.75 percent on July 10, 2019 and gave no signal of future policy moves. Its monetary policy report slightly raised 2019 Canadian growth to 1.3 percent and cut global growth to 3 percent, citing trade tensions between China and the US.

- Date: 2019-07-10 · published 2019-07-10T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/58341-bank-of-canada-leaves-rates-on-hold-amid-global-trade-tensions-the-globe-and
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Lower global growth forecasts from trade disputes signal weaker demand for exported feed grains and proteins. Policy divergence with the Fed can also shift the loonie, affecting the cost of imported feed inputs.

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/business/article-bank-of-canada-bumps-up-2019-growth-forecast-keeps-rates-steady/

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