Posthaste: How a 'leaky loonie' could sway Bank of Canada interest rates

There is a case where a weak Canadian dollar could benefit the economy, but it’s a worst case. If Canada, U.S. trade tensions escalate and Donald Trump carries out his threat to impose a 50 per cent tariff on Canada’s auto industry on Jan. 1, and at the same time energy prices cool, the Bank of Canada might not be looking at a rate hike next year, but a rate cut.