# Canadian dollar seen up but gains restrained by mortgage resets - Reuters poll | Reuters

> A Reuters poll of 40 foreign exchange analysts forecast the Canadian dollar would strengthen 0.7% to 1.34 per U.S. dollar over three months. The forecast matched the prior month's poll.

- Date: 2024-02-07 · published 2024-02-07T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/31914-canadian-dollar-seen-up-but-gains-restrained-by-mortgage-resets-reuters-poll
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Analysts expecting a firmer loonie point to a lower USD/CAD over the coming months. This is a forecast with little direct bearing on feed commodity supply or demand.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/canadian-dollar-seen-up-gains-restrained-by-mortgage-resets-2024-02-07/

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