# Canadian borrowers will feel this week's U.S. interest rate hike: Don Pittis | CBC News

> Markets are almost certain the Federal Reserve will raise rates on Wednesday, with most analysts expecting another increase in December and several more in 2019. The article notes that higher US borrowing costs will also affect Canadian mortgage holders and global borrowers.

- Date: 2018-09-24 · published 2018-09-24T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/63276-canadian-borrowers-will-feel-this-week-s-u-s-interest-rate-hike-don-pittis-cbc
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A sustained Fed tightening cycle supports the US dollar and raises financing costs for global agricultural trade and farm credit, which can weigh on commodity prices.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-12-13 | [How an expected U.S. interest rate increase will affect Canadians: Don Pittis](https://feedsoft.ai/events/67691-how-an-expected-u-s-interest-rate-increase-will-affect-canadians-don-pittis.md) | -0.4% | -1.8% |
| DXY | 2022-07-14 | [Canadian dollar falls to a 20-month low after supersized interest rate hike](https://feedsoft.ai/events/40721-canadian-dollar-falls-to-a-20-month-low-after-supersized-interest-rate-hike.md) | -0.6% | -2.1% |
| DXY | 2026-09-16 | [Canadian dollar hits six-week low as investors bet on additional Fed rate hikes \| Reuters](https://feedsoft.ai/events/17700-canadian-dollar-hits-six-week-low-as-investors-bet-on-additional-fed-rate-hikes.md) | +0.6% | +2.6% |
| DXY | 2018-02-28 | [Will the Australian dollar get crushed as US interest rates storm higher? - ABC News](https://feedsoft.ai/events/66746-will-the-australian-dollar-get-crushed-as-us-interest-rates-storm-higher-abc.md) | -0.1% | -0.5% |
| DXY | 2016-11-14 | [Canadian dollar falls as investors buy into U.S. under Trump \| CBC News](https://feedsoft.ai/events/74058-canadian-dollar-falls-as-investors-buy-into-u-s-under-trump-cbc-news.md) | +1.4% | +0.8% |

## Sources

- cbc.ca: https://www.cbc.ca/news/business/fed-rates-housing-1.4831333

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