# Canadian dollar forecasts turn less bullish as trade deal remains elusive

> Forecasts for the Canadian dollar were trimmed as fewer-than-expected Federal Reserve rate cuts reduce upside prospects for the currency. The outlook also reflects continued uncertainty over a Canada-US trade deal.

- Date: 2026-01-01 · published 2026-01-01T12:00:00.000Z
- Category: trade · region Canada · magnitude low
- Page: https://feedsoft.ai/events/21734-canadian-dollar-forecasts-turn-less-bullish-as-trade-deal-remains-elusive
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Trade-deal uncertainty affects Canadian canola and grain export flows to the US, but this currency forecast itself has little immediate price impact on feed commodities.

## Read by commodity

- USDCAD: neutral

## Sources

- ctvnews.ca: https://www.ctvnews.ca/business/article/canadian-dollar-forecasts-turn-less-bullish-as-trade-deal-remains-elusive/

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