# As the U.S. economy tilts toward concern, Canada's is on the upswing: Don Pittis | CBC News

> CBC commentary notes Fed chair Powell left rates unchanged on June 19 but opened the door to cuts if the economy weakens. Canadian inflation data showed renewed economic strength, raising the possibility that the Bank of Canada will not follow US cuts.

- Date: 2019-06-20 · published 2019-06-20T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/58836-as-the-u-s-economy-tilts-toward-concern-canada-s-is-on-the-upswing-don-pittis
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Diverging monetary policy between Canada and the US supports the loonie and changes the dollar cost of Canadian feed and oilseed exports.

## Read by commodity

- DXY: bearish ▼
- USDCAD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-07-29 | [Even the loonie is rising against the U.S. dollar as the Fed faces currency threat: Don Pittis \| CBC News](https://feedsoft.ai/events/52356-even-the-loonie-is-rising-against-the-u-s-dollar-as-the-fed-faces-currency.md) | +0.4% | -0.4% |
| DXY | 2019-01-29 | [5 reasons Canadians should care what the Fed does tomorrow: Don Pittis \| CBC News](https://feedsoft.ai/events/61323-5-reasons-canadians-should-care-what-the-fed-does-tomorrow-don-pittis-cbc-news.md) | -0.2% | -0.0% |
| DXY | 2025-06-26 | [Aussie, kiwi climb toward 2025 highs as US dollar weakens on Fed autonomy concerns — TradingView News](https://feedsoft.ai/events/24490-aussie-kiwi-climb-toward-2025-highs-as-us-dollar-weakens-on-fed-autonomy.md) | -0.9% | -0.6% |
| DXY | 2018-03-04 | [Currency markets send a warning on the US economy](https://feedsoft.ai/events/66191-currency-markets-send-a-warning-on-the-us-economy.md) | -0.6% | -0.8% |
| DXY | 2018-01-25 | [Impact of US Shutdown towards Indonesian Economy - ObserverID \| Independent English News & Analysis on Indonesia](https://feedsoft.ai/events/67285-impact-of-us-shutdown-towards-indonesian-economy-observerid-independent-english.md) | -0.3% | +0.7% |

## Sources

- cbc.ca: https://www.cbc.ca/news/business/fed-canada-poloz-1.5178457

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