# From mortgages to NAFTA, the Bank of Canada shows it has real political clout: Don Pittis | CBC News

> Markets expected the Bank of Canada to raise rates by a quarter point at its upcoming Monetary Policy Report release. The article recounts that a mid-January report that Trump planned to scrap NAFTA triggered a loonie plunge and changed rate-hike odds. It highlights the central bank's sensitivity to political events.

- Date: 2018-01-15 · published 2018-01-15T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/67207-from-mortgages-to-nafta-the-bank-of-canada-shows-it-has-real-political-clout
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

NAFTA headlines and rate decisions move the loonie, which affects Canadian exports of grains, oilseeds and meal priced in U.S. dollars.

## Read by commodity

- USDCAD: neutral

## Sources

- cbc.ca: https://www.cbc.ca/news/business/bank-of-canada-interest-rate-decision-1.4483202

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