# Loonie forecasts turn less bullish as economy stumbles | Financial Post

> Analysts polled by Reuters see less upside for the Canadian dollar over the coming year after the economy unexpectedly shrank in the second quarter. The data raised questions about how quickly the Bank of Canada will raise rates.

- Date: 2021-09-03 · published 2021-09-03T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/45284-loonie-forecasts-turn-less-bullish-as-economy-stumbles-financial-post
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Weaker growth expectations reduce loonie support, with limited direct impact on feed commodity prices.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- financialpost.com: https://financialpost.com/news/economy/canadian-dollar-forecasts-turn-less-bullish-as-economy-stumbles

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