# The Canadian Dollar Outlook Dims after BoC Survey Points to Trouble Ahead

> The Canadian dollar weakened on April 15, 2019, after a Bank of Canada business outlook survey showed inflation pressures and growth slowing to their weakest since 2016. Firms expect input and output price growth to stabilize as tariff-related cost pressures fade.

- Date: 2019-04-15 · published 2019-04-15T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/59821-the-canadian-dollar-outlook-dims-after-boc-survey-points-to-trouble-ahead
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Weaker Canadian growth and a softer loonie point to slower domestic demand and modestly cheaper Canadian export commodities priced in US dollars.

## Read by commodity

- MILK: neutral
- USDCAD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2023-01-05 | [Dairy outlook 2023: stand by for volatility to continue \| BusinessDesk](https://feedsoft.ai/events/5547-dairy-outlook-2023-stand-by-for-volatility-to-continue-businessdesk.md) | -4.4% | -12.5% |
| MILK | 2026-08-31 | [Kiwi braces for RBNZ decision, Aussie tries to steady after setback - Markets - Business Recorder](https://feedsoft.ai/events/18150-kiwi-braces-for-rbnz-decision-aussie-tries-to-steady-after-setback-markets.md) | -2.9% | -3.3% |
| MILK | 2023-03-01 | [The economic state of U.S. dairy: 2023 will differ from 2022 \| Ag Proud](https://feedsoft.ai/events/36862-the-economic-state-of-u-s-dairy-2023-will-differ-from-2022-ag-proud.md) | -0.8% | +1.1% |
| MILK | 2019-03-11 | [Dairy’s journey through 2019 will be complex, and cheese is the driver - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/60251-dairy-s-journey-through-2019-will-be-complex-and-cheese-is-the-driver.md) | -0.2% | +5.9% |
| MILK | 2026-04-09 | [U.S. dairy market structure shifts to short on protein, long on butterfat, by: Corey Geiger - Dairy Producer](https://feedsoft.ai/events/19717-u-s-dairy-market-structure-shifts-to-short-on-protein-long-on-butterfat-by.md) | -1.4% | -0.4% |

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/cad/11176-the-canadian-dollar-outlook-dims-after-boc-survey-points-to-trouble-ahead

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