# Posthaste: Why this Canadian bank believes the loonie may hit 80 U.S. cents as early as next year - Financial Post

> The Canadian dollar reached a two-year high against the US dollar after news of a coronavirus vaccine, higher oil prices and risk appetite. National Bank economists see the loonie rising toward 80 US cents, citing Canada's relatively resilient economy and Bank of Canada easing.

- Date: 2020-11-11 · published 2020-11-11T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/50390-posthaste-why-this-canadian-bank-believes-the-loonie-may-hit-80-u-s-cents-as
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

This is a currency outlook with no direct feed supply or demand mechanism. A stronger CAD could modestly affect Canadian commodity export pricing in USD terms.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- financialpost.com: https://financialpost.com/news/posthaste-why-this-canadian-bank-believes-the-loonie-may-hit-80-u-s-cents-as-early-as-next-year/

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