# Canadian dollar to rally over 2023 as interest rates hit their peak | Financial Post

> A Reuters poll of 35 currency analysts projects the Canadian dollar will rise 1.1% to 1.35 per U.S. dollar in three months, and to 1.30 in a year. Analysts cite China easing COVID restrictions and a possible Federal Reserve pause as drivers, after the loonie fell over 7% in 2022.

- Date: 2022-12-07 · published 2022-12-07T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/38461-canadian-dollar-to-rally-over-2023-as-interest-rates-hit-their-peak-financial
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A forecast loonie recovery and stronger Chinese demand would shift Canadian export competitiveness and commodity demand expectations over the coming year.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- financialpost.com: https://financialpost.com/news/economy/canadian-dollar-rally-2023-peak-interest-rates

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