# Canadian dlr forecasts stay upbeat as analysts eye global recovery | Reuters

> A Reuters poll of more than 30 currency analysts in March forecast the Canadian dollar would strengthen 1.5% to 1.34 per U.S. dollar in three months. The forecast matched the prior month's view.

- Date: 2023-03-03 · published 2023-03-03T12:00:00.000Z
- Category: report · region Canada · magnitude low
- Page: https://feedsoft.ai/events/37100-canadian-dlr-forecasts-stay-upbeat-as-analysts-eye-global-recovery-reuters
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Expected loonie strength would lower USD/CAD and the dollar cost of Canadian-origin products, though the forecast itself is not a new market-moving event.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/canadian-dlr-forecasts-stay-upbeat-analysts-eye-global-recovery-2023-03-03/

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