# Canadian Dollar Appreciation Likely to Continue says MUFG

> MUFG analysts expect the Canadian dollar to keep its solid performance, noting it was the best performing major currency over the past month. The currency rose 3.16% against the euro and 1.75% against the pound, with only a 0.17% gain against the US dollar.

- Date: 2021-03-30 · published 2021-03-30T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/48370-canadian-dollar-appreciation-likely-to-continue-says-mufg
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Expected Bank of Canada tightening of monetary support could keep the loonie firm against the US dollar. A stronger loonie raises the US-dollar cost of Canadian exports such as canola meal.

## Read by commodity

- USDCAD: bearish ▼
- CANMEAL: neutral

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/cad/15223-canadian-dollar-appreciation-likely-to-continue-mufg

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