# C$ seen up in one year as analysts eye more BoC rate hikes: Reuters poll | Financial Newsletter

> A Reuters poll of nearly 40 currency analysts forecast the Canadian dollar would rally to 1.29 per U.S. dollar within a year. Near-term, the loonie was expected to give back some recent gains to about 1.3467. The forecast reflects expectations of further Bank of Canada hikes and a fading appeal of the U.S. dollar.

- Date: 2023-06-07 · published 2023-06-07T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/35744-c-seen-up-in-one-year-as-analysts-eye-more-boc-rate-hikes-reuters-poll
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Expectations of a stronger loonie raise the dollar cost of Canadian-linked commodity purchases over time. The poll is a forecast and has limited immediate effect on feed prices.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- financialnewsletter.com: https://financialnewsletter.com/c-seen-up-in/

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