# TD Economics - The Loonie's Rise

> TD Economics says the Canadian dollar has appreciated over 3% in 2021 and reached about 81 US cents, its highest since early 2018. The rise reflects strong commodity prices and a hawkish Bank of Canada.

- Date: 2021-04-30 · published 2021-04-30T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/47849-td-economics-the-loonie-s-rise
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

The analysis suggests further loonie gains may be limited, which would keep Canadian import costs for feed and fertilizer relatively stable. Commodity-linked currency strength tends to track export commodity prices.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- economics.td.com: https://economics.td.com/ca-loonie-rise

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