# Canadian Dollar Falls After Bank of Canada Not Hawkish Enough  - WSJ

> The Bank of Canada held its benchmark rate at 1.25% and did not signal whether it would raise rates in May or June, though it said higher rates would be warranted over time. The Canadian dollar fell as USD/CAD broke above its 200-day moving average to an eight-day high.

- Date: 2018-04-18 · published 2018-04-18T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/65741-canadian-dollar-falls-after-bank-of-canada-not-hawkish-enough-wsj
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A less hawkish central bank weakens the loonie, which affects Canadian-linked commodity export pricing and cross-border feed and grain costs. For feed buyers the effect on grain prices is indirect.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- wsj.com: https://www.wsj.com/articles/china-fixes-yuan-slightly-weaker-1524020794

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