# Canadian dollar faces bumpy ride, say economists

> Capital Economics forecasts the Canadian dollar could fall to 71 US cents this year as Canadian growth stays weak and the Bank of Canada cuts rates to 2.5% by 2025. The loonie traded at 73.60 US cents, with the rate gap versus the Fed widening.

- Date: 2024-03-28 · published 2024-03-28T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/31436-canadian-dollar-faces-bumpy-ride-say-economists
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A widening Canada-US rate differential would weaken the loonie and raise USD/CAD, which matters for Canadian export pricing but has little direct effect on feed grain prices.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- financialpost.com: https://financialpost.com/news/canadian-dollar-faces-bumpy-ride-economists/

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