# Loonie threatened as Canadians move money offshore - The Globe and Mail

> HSBC's FX strategy team sees a robust case for loonie appreciation as COVID-19 vaccines support global growth, but says the Canadian dollar ranks mid-table among peers. Barclays describes the CAD as well positioned but caught in global purgatory.

- Date: 2021-02-18 · published 2021-02-18T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/48899-loonie-threatened-as-canadians-move-money-offshore-the-globe-and-mail
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

These are currency forecasts and a commentary roundup, not a new event. Their outlook is mixed, so the feed-cost implications for buyers are minimal.

## Read by commodity

- USDCAD: neutral

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/investing/markets/inside-the-market/article-loonie-threatened-as-canadians-move-money-offshore/

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