# USD/CAD: Rangebound until latter part of 2021 - CIBC - Forex Crunch

> CIBC economists expect USD/CAD to remain range-bound until the Bank of Canada's rate path becomes clearer relative to the Fed. They forecast USD/CAD at 1.36 by end-2021, citing Canada's slower vaccine rollout and oil-heavy resource exports.

- Date: 2020-11-27 · published 2020-11-27T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/50387-usd-cad-rangebound-until-latter-part-of-2021-cibc-forex-crunch
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

This is a currency forecast with no direct effect on feed supply or demand. It has limited relevance to feed pricing beyond general exchange-rate sentiment.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2020/11/27/usd-cad-rangebound-until-latter-part-of-2021-cibc/

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