# Canadian Dollar Forecasts: CAD "Running on Empty" says CIBC

> CIBC analysts say the Canadian dollar's recent rally is running out of steam and could reverse. They cite stalled global recovery, weak trade fundamentals and a fading commodity price rally.

- Date: 2020-07-29 · published 2020-07-29T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/52355-canadian-dollar-forecasts-cad-running-on-empty-says-cibc
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A forecast of softer commodity prices and a weaker loonie signals headwinds for Canadian export values in commodities such as canola and grains.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/cad/13796-canadian-dollar-forecasts-cad-running-on-empty-says-cibc

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