# Opening Statement before the House of Commons Standing Committee on Finance - Bank of Canada

> Bank of Canada Governor Stephen Poloz told a House of Commons committee that the bank cut its 2019 Canadian growth forecast to 1.2 per cent, with near 2 per cent expected in 2020 and 2021. He attributed the slowdown mainly to the US-led trade war delaying business investment globally.

- Date: 2019-04-01 · published 2019-04-01T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/59822-opening-statement-before-the-house-of-commons-standing-committee-on-finance
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Trade-war-driven global slowdown weighs on commodity demand and trade flows, a mildly bearish signal for export-oriented grains and oilseeds.

## Read by commodity

- USDCAD: bullish ▲
- CANMEAL: bearish ▼

## Sources

- bankofcanada.ca: https://www.bankofcanada.ca/2019/04/opening-statement-300419/

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