# Monetary Policy Report Press Conference Opening Statement - Bank of Canada

> The Bank of Canada held its policy rate at 1 per cent and said it expects inflation to reach its 2 per cent target in the second half of 2018, a little later than projected in July. Governor Poloz said the stronger Canadian dollar in 2017 contributed to the delay and that future rate adjustments will be cautious.

- Date: 2017-10-01 · published 2017-10-01T12:00:00.000Z
- Category: macro · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/68708-monetary-policy-report-press-conference-opening-statement-bank-of-canada
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A cautious central bank with a firmer loonie tends to weigh on Canadian dollar-linked assets and can make Canadian exports less competitive. For feed buyers, a weaker loonie would generally support Canadian canola and barley export values.

## Read by commodity

- USDCAD: neutral

## Sources

- bankofcanada.ca: https://www.bankofcanada.ca/2017/10/opening-statement-251017/

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