# Three reasons to be bullish on the loonie: BofA strategist - The Globe and Mail

> BofA Securities' FX strategist Howard Du remains constructive on the Canadian dollar, expecting the Fed to pause its hiking cycle around mid-2023 and the USD/CAD pair to fall below 1.30 by year-end. Morgan Stanley's commodity strategist also commented on weak China demand and metals.

- Date: 2023-03-30 · published 2023-03-30T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/37098-three-reasons-to-be-bullish-on-the-loonie-bofa-strategist-the-globe-and-mail
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A forecast for a weaker USD/CAD would support a firmer loonie over the medium term, which makes Canadian-origin commodities cheaper in U.S. dollar terms for buyers.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/investing/markets/inside-the-market/article-three-reasons-to-be-bullish-on-the-loonie-bofa-strategist/

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