# Loonie dives to 75¢ amid Fed hawks and BoC doves - The Globe and Mail

> The loonie fell to about 75 U.S. cents after Fed officials signalled a possible March rate hike and the Bank of Canada kept a cautious tone and its rate at 0.5 per cent. The Canadian dollar dropped as low as 74.87 cents.

- Date: 2017-03-01 · published 2017-03-01T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/72216-loonie-dives-to-75-amid-fed-hawks-and-boc-doves-the-globe-and-mail
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Divergence between a hawkish Fed and a dovish Bank of Canada weakens the loonie, which can make Canadian grain and oilseed exports more competitive on world markets.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/report-on-business/top-business-stories/canadian-dollar-federal-reserve-bank-of-canada/article34170418/

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