# Canadian dollar steadies as investors take stock of Bank of Canada rate hike odds - The Globe and Mail

> The Canadian dollar was little changed near 75 US cents on Tuesday after recovering slightly. Traders reassessed the odds of a July Bank of Canada rate hike, which had fallen below 50 percent after weak retail sales and inflation data.

- Date: 2018-06-26 · published 2018-06-26T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/64752-canadian-dollar-steadies-as-investors-take-stock-of-bank-of-canada-rate-hike
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Currency and rate expectations shape the cost of imported feed ingredients for Canadian buyers, and the loonie is being pressured by trade tensions.

## Read by commodity

- USDCAD: neutral

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/investing/markets/inside-the-market/market-news/article-canadian-dollar-steadies-as-investors-take-stock-of-bank-of-canada/

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