# Canadian dollar forecasts boosted as vaccine rollout accelerates: Reuters poll

> A Reuters poll of nearly 40 analysts found a median forecast for the Canadian dollar to rise 0.4% to 1.26 per US dollar within three months. The loonie had rallied about 16% since the prior March and touched a three-year high of 1.2464 earlier in the week.

- Date: 2021-03-04 · published 2021-03-04T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/48366-canadian-dollar-forecasts-boosted-as-vaccine-rollout-accelerates-reuters-poll
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Currency forecasts shape expectations for Canadian export competitiveness and import costs for feed buyers. The forecast implies only a small expected shift in the exchange rate.

## Read by commodity

- USDCAD: neutral

## Sources

- reuters.com: https://www.reuters.com/article/us-forex-poll-canada-idCAKBN2AW110/

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