# Macklem Leaves Door Open for More Rate Hikes

> Bank of Canada Governor Tiff Macklem told the House of Commons that interest rates may need to rise further and did not see fiscal policy as hindering the fight against inflation. The Canadian dollar was mixed against major peers on the day, down 0.22% against the US dollar.

- Date: 2026-11-05 · published 2026-11-05T21:08:30.253Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/82414-macklem-leaves-door-open-for-more-rate-hikes
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Higher Canadian rates tend to support the loonie, which affects the dollar cost of Canadian canola and other exports to feed buyers. The hawkish signal also points to tighter financing conditions for the livestock sector.

## Read by commodity

- USDCAD: neutral

## Sources

- markets.capital: https://markets.capital/article/macklem-leaves-door-open-for-more-rate-hikes

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