# Posthaste: Three reasons why the Canadian dollar could be about to take flight - Financial Post

> Deutsche Bank argues that Canada's better control of the pandemic, with daily new cases per capita about a fifth of the U.S. rate in mid-September, supports the Canadian dollar. The bank points to stronger Canadian retail sales and a housing rebound as signs of relative economic strength. It sees the loonie reaching 77 U.S. cents, versus about 74.73 at the time.

- Date: 2020-09-25 · published 2020-09-25T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/51349-posthaste-three-reasons-why-the-canadian-dollar-could-be-about-to-take-flight
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A stronger loonie raises the U.S.-dollar cost of Canadian exports, which can support prices for Canadian commodities in global markets. This is a forecast rather than a confirmed move, so its impact on feed prices is limited.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- financialpost.com: https://financialpost.com/news/posthaste-three-reasons-why-the-canadian-dollar-is-about-to-take-flight/

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