# CAD: Loonie can’t forever fly with the flock; where to target? - CIBC: Analytics and Market news from 25 June 2020 06:31

> CIBC Research targets USD/CAD at 1.39 in Q3 and expects the Canadian dollar to weaken to 1.40 at some point during the recovery. It cites Canada's weak current account and trade balance, an overweight in energy, and a long wait before the Bank of Canada moves off near-zero rates.

- Date: 2020-06-25 · published 2020-06-25T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/52865-cad-loonie-can-t-forever-fly-with-the-flock-where-to-target-cibc-analytics-and
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

CIBC's view implies a weaker loonie, which would raise the cost of imported feed inputs for Canadian buyers. The forecast is a currency call with little direct grain or meal impact.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- teletrade.org: https://www.teletrade.org/analytics/market-analysis/market-news/3633709

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