# Desjardins: Canadian Dollar Recovery Forecast to Accelerate in 2021

> Desjardins expects the Canadian dollar to struggle through the rest of 2020 before a more robust recovery in 2021, citing economic recovery and commodity price gains. It forecasts the Pound-to-Canadian Dollar rate at 1.7467 by end of Q3 2020 and 1.7237 by end of June 2021.

- Date: 2020-08-28 · published 2020-08-28T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/51861-desjardins-canadian-dollar-recovery-forecast-to-accelerate-in-2021
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

The forecast centers on currency valuation and has limited direct effect on feed prices. A firmer loonie in 2021 would modestly raise the cost of Canadian feed ingredients for dollar buyers.

## Read by commodity

- USDCAD: neutral

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/cad/14005-canadian-dollar-forecasts-desjardins

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