# Bank of Canada maintains overnight rate target at 1 ¾ per cent - Bank of Canada

> The Bank of Canada held its overnight rate target at 1.75 per cent on April 24, 2019, and cut its outlook for global and Canadian growth. The bank cited trade conflicts as undermining business sentiment and said growth should pick up from the second quarter.

- Date: 2019-04-24 · published 2019-04-24T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/59817-bank-of-canada-maintains-overnight-rate-target-at-1-3-4-per-cent-bank-of-canada
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A slower Canadian growth outlook and steady rates weaken the loonie and signal softer domestic demand for meat and dairy, a modest bearish factor for feed demand in Canada.

## Read by commodity

- MILK: bearish ▼
- USDCAD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2026-07-02 | [Margins hold tight despite falling prices](https://feedsoft.ai/events/8576-margins-hold-tight-despite-falling-prices.md) | +1.4% | +1.0% |
| MILK | 2026-09-28 | [Dairy risk management calendar: October 2026 \| Ag Proud](https://feedsoft.ai/events/5029-dairy-risk-management-calendar-october-2026-ag-proud.md) | -7.3% | -5.4% |
| MILK | 2017-04-20 | [Dairy price outlook falters, remains better than 2016](https://feedsoft.ai/events/71639-dairy-price-outlook-falters-remains-better-than-2016.md) | -0.2% | +2.5% |
| MILK | 2020-12-04 | [Economist: Oversupply of milk, cheese looms in 2021 \| Capital Press](https://feedsoft.ai/events/4230-economist-oversupply-of-milk-cheese-looms-in-2021-capital-press.md) | +2.2% | -0.2% |
| MILK | 2020-03-25 | [COVID-19 pandemic rocks dairy markets \| Capital Press](https://feedsoft.ai/events/54272-covid-19-pandemic-rocks-dairy-markets-capital-press.md) | -0.2% | -17.5% |

## Sources

- bankofcanada.ca: https://www.bankofcanada.ca/2019/04/fad-press-release-2019-04-24/

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