# CAD Outlook: Loonie strength to continue in Q2 on higher oil and BoC support - Monex Europe

> Monex Europe's outlook projects continued Canadian dollar strength through Q2 2022, based on higher oil prices and two expected 50-basis-point Bank of Canada hikes. The analysis also expects Fed tightening to eventually outpace the Bank of Canada in the second half of the year.

- Date: 2022-04-07 · published 2022-04-07T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/42113-cad-outlook-loonie-strength-to-continue-in-q2-on-higher-oil-and-boc-support
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A stronger loonie in forecasts reflects expectations of firmer oil and tighter Canadian policy, which matter for Canadian-origin oilseed and grain pricing in US dollars.

## Read by commodity

- WTI: bullish ▲
- USDCAD: bearish ▼

## Sources

- monexeurope.com: https://www.monexeurope.com/news-analysis/outlooks/cad-outlook-loonie-strength-to-continue-in-q2-on-higher-oil-and-boc-support/

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