# Bank of Canada raises overnight rate target to 1 ½ per cent - Bank of Canada

> The Bank of Canada raised its overnight rate target to 1.5 percent on July 11, 2018. The bank cited a stronger US economy, higher oil prices and trade protectionism as the main risks to global growth.

- Date: 2018-07-11 · published 2018-07-11T12:00:00.000Z
- Category: macro · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/64258-bank-of-canada-raises-overnight-rate-target-to-1-1-2-per-cent-bank-of-canada
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Higher Canadian rates tend to support the loonie and raise financing costs for feed and livestock operators, while trade protectionism is flagged as the top threat to demand.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- bankofcanada.ca: https://www.bankofcanada.ca/2018/07/fad-press-release-2018-07-11/

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