# Loonie sags as Poloz says he's ready to help out with tariff fight: Don Pittis | CBC News

> Bank of Canada Governor Stephen Poloz gave a speech in Victoria promising greater transparency, but markets read it as a sign he might not raise rates in July. The Canadian dollar slid to new recent lows against the U.S. dollar after the speech.

- Date: 2018-06-28 · published 2018-06-28T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/64751-loonie-sags-as-poloz-says-he-s-ready-to-help-out-with-tariff-fight-don-pittis
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A weaker loonie makes US-priced feed imports costlier for Canadian buyers, while a dovish rate outlook reduces pressure on the currency.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- cbc.ca: https://www.cbc.ca/news/business/poloz-canada-rates-loonie-1.4724634

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