# How an expected U.S. interest rate increase will affect Canadians: Don Pittis

> CBC commentary on Dec. 13 says a US Federal Reserve rate hike was widely expected that day, with more hikes to follow. The analysis focuses on how higher US rates could push the Bank of Canada to raise Canadian rates.

- Date: 2017-12-13 · published 2017-12-13T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/67691-how-an-expected-u-s-interest-rate-increase-will-affect-canadians-don-pittis
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expected US rate hikes tend to strengthen the dollar and raise borrowing costs for feed operators and farmers. The effect on feed commodity prices is indirect and modest.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-09-24 | [Canadian borrowers will feel this week's U.S. interest rate hike: Don Pittis \| CBC News](https://feedsoft.ai/events/63276-canadian-borrowers-will-feel-this-week-s-u-s-interest-rate-hike-don-pittis-cbc.md) | +0.3% | +1.5% |
| DXY | 2018-10-30 | [BOT expected to hike key interest rate](https://feedsoft.ai/events/62795-bot-expected-to-hike-key-interest-rate.md) | -0.2% | +0.8% |
| DXY | 2022-07-14 | [Canadian dollar falls to a 20-month low after supersized interest rate hike](https://feedsoft.ai/events/40721-canadian-dollar-falls-to-a-20-month-low-after-supersized-interest-rate-hike.md) | -0.6% | -2.1% |
| DXY | 2021-06-17 | [Rupiah Corrected After The Fed Advances Projection Of Interest Rate Increase](https://feedsoft.ai/events/46901-rupiah-corrected-after-the-fed-advances-projection-of-interest-rate-increase.md) | +1.1% | +1.7% |
| DXY | 2023-08-31 | [Fed expected to hold interest rates steady next month](https://feedsoft.ai/events/34478-fed-expected-to-hold-interest-rates-steady-next-month.md) | +1.8% | +2.3% |

## Sources

- cbc.ca: https://www.cbc.ca/news/business/yellen-rate-increase-canada-1.4444491

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