# Odds of a rate hike soar to almost 50% overnight after Canada’s growth wows economists - Financial Post

> Canada's economy grew 4.5% in the second quarter, the fastest pace in 15 years, beating even bullish forecasts. Market odds of a September Bank of Canada hike rose to nearly 50% from about 20% before the data.

- Date: 2017-08-31 · published 2017-08-31T12:00:00.000Z
- Category: macro · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/69710-odds-of-a-rate-hike-soar-to-almost-50-overnight-after-canada-s-growth-wows
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

The surprise growth figure shifts expectations toward earlier Bank of Canada tightening, which strengthens the loonie and can weigh on Canadian export commodity prices.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- financialpost.com: https://financialpost.com/news/bank-of-canada-rate-hike-odds-rise-after-blistering-gdp-growth-wows-analysts/

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