# Canadian Dollar: CIBC Forecasts Show Headwinds to Build into 2022

> CIBC analysts forecast rising headwinds for the Canadian dollar into 2022 as the Bank of Canada moderates its tightening pace. The loonie's 2021 gains against the US dollar have dwindled amid a broader dollar surge.

- Date: 2021-09-30 · published 2021-09-30T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/45282-canadian-dollar-cibc-forecasts-show-headwinds-to-build-into-2022
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A forecast of a softer loonie is a currency view with little direct bearing on feed grain or meal prices.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/cad/16009-canadian-dollar-cibc-forecasts-show-headwinds-to-build-into-2022

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