# Canadian dollar leaps after Bank of Canada signals a rate hike might be closer than we think - Financial Post

> On June 13, 2017 the Canadian dollar rose to a two-month high after Bank of Canada comments suggested rates could rise sooner than expected. Odds of a 2017 rate hike jumped above 70% after stronger jobs data and hawkish remarks from Carolyn Wilkins and Stephen Poloz.

- Date: 2017-06-13 · published 2017-06-13T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/70742-canadian-dollar-leaps-after-bank-of-canada-signals-a-rate-hike-might-be-closer
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Rising rate-hike odds strengthen the Canadian dollar, making Canadian exports more expensive and affecting cross-border feed trade pricing. This is a currency driver with limited direct effect on feed commodity supply.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- financialpost.com: https://financialpost.com/economy/canadian-dollar-leaps-after-odds-of-a-rate-hike-in-canada-this-year-rise-above-50/

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