# Canadian dollar seen higher if recession fears fade: Reuters poll | Reuters

> A Reuters poll found analysts expect the Canadian dollar to rally over the coming year as the threat of recession eases and the Fed and Bank of Canada wind down rate hikes in 2023. The poll reflects forecasts rather than a new event.

- Date: 2022-08-04 · published 2022-08-04T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/40278-canadian-dollar-seen-higher-if-recession-fears-fade-reuters-poll-reuters
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Currency forecasts have limited direct effect on feed commodity supply or demand. The poll signals expectations for a weaker US dollar relative to the loonie over the next year.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/canadian-dollar-seen-higher-if-recession-fears-fade-2022-08-04/

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