# Canadian Dollar Forecast to Decline by Desjardins Bank

> Desjardins forecasts the Canadian dollar will decline through the rest of 2022 as global recession fears weigh on risk appetite. Markets expect the Bank of Canada to raise rates by nearly 200 basis points over the remainder of the year.

- Date: 2022-06-30 · published 2022-06-30T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/41185-canadian-dollar-forecast-to-decline-by-desjardins-bank
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A weaker loonie and recession concerns point to softer commodity demand, though the forecast is a currency view with no direct grain price trigger.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/cad/17179-canadian-dollar-forecast-to-decline-by-desjardins-bank

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