# Canadian dollar forecasts cut as economy loses steam

> Desjardins cut its year-end forecast for the Canadian dollar from 74 to 71 US cents after the currency fell from its June high. The bank expects the loonie to stay soft for two quarters, citing lagging Canadian growth and reduced pension hedging flows. The Bank of Canada's CEER index is near a nine-year low.

- Date: 2025-10-28 · published 2025-10-28T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/22652-canadian-dollar-forecasts-cut-as-economy-loses-steam
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A prolonged soft loonie lowers the USD price of Canadian exports, which can marginally weigh on canola and grain prices in USD terms and shift trade flows.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- financialpost.com: https://financialpost.com/news/canadian-dollar-forecasts-cut-economy-loses-steam/

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