# 5 reasons Canadians should care what the Fed does tomorrow: Don Pittis | CBC News

> A CBC preview says markets expect the Federal Reserve to hold rates steady at its upcoming meeting and possibly signal a more moderate pace of future hikes. Analysts see renewed recession fears as a factor shaping the outlook for the US dollar and the loonie.

- Date: 2019-01-29 · published 2019-01-29T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/61323-5-reasons-canadians-should-care-what-the-fed-does-tomorrow-don-pittis-cbc-news
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Expectations of a patient Fed tend to soften the dollar, which supports dollar-priced commodities, while signs of recession risk can weigh on demand outlooks.

## 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 | 2019-06-20 | [As the U.S. economy tilts toward concern, Canada's is on the upswing: Don Pittis \| CBC News](https://feedsoft.ai/events/58836-as-the-u-s-economy-tilts-toward-concern-canada-s-is-on-the-upswing-don-pittis.md) | -1.1% | -0.8% |
| DXY | 2021-07-28 | [Canadian dollar gains as Fed readies new money market facilities - The Globe and Mail](https://feedsoft.ai/events/46270-canadian-dollar-gains-as-fed-readies-new-money-market-facilities-the-globe-and.md) | -0.4% | +0.4% |
| DXY | 2025-04-22 | [US dollar: Why should I care if the greenback falls?](https://feedsoft.ai/events/25330-us-dollar-why-should-i-care-if-the-greenback-falls.md) | +0.3% | +0.1% |
| DXY | 2026-01-29 | [What the sinking U.S. dollar means to Canada and world](https://feedsoft.ai/events/21288-what-the-sinking-u-s-dollar-means-to-canada-and-world.md) | +0.6% | +0.3% |

## Sources

- cbc.ca: https://www.cbc.ca/news/business/fed-loonie-canada-1.4995432

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