# Exporters, traders feel dollar pain as Bank of Canada skirts guidance | Financial Post

> Canadian exporters and traders say volatility in the Canadian dollar has made hedging difficult after the Bank of Canada's shifting tone this year. The loonie swung from a 13-month low of C$1.3800 in May to a two-year high of C$1.2063 in September, then reversed this week after Governor Poloz signalled a third rate hike is not imminent.

- Date: 2017-09-29 · published 2017-09-29T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/69195-exporters-traders-feel-dollar-pain-as-bank-of-canada-skirts-guidance-financial
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A weaker loonie after the Bank of Canada's softer signal lowers the cost of Canadian-origin feed ingredients such as canola meal for US buyers, while a stronger loonie raises it. Currency swings add pricing risk for importers and exporters.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- financialpost.com: https://financialpost.com/news/economy/analysis-exporters-traders-feel-c-pain-as-bank-of-canada-avoids-guidance

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