# Posthaste May 25: Here's why the Canadian dollar's mini-rally is about to fizzle out - Financial Post

> Analysts at RBC expect the Canadian dollar to weaken through Q2 and Q3, with USD/CAD potentially reaching 1.43 as GDP contracts about 40% in the second quarter. The Canadian dollar gave up 0.5% last week to 1.40 per US dollar.

- Date: 2020-05-25 · published 2020-05-25T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/53364-posthaste-may-25-here-s-why-the-canadian-dollar-s-mini-rally-is-about-to-fizzle
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A weaker loonie and a slow recovery reduce Canadian demand and bear on energy-linked commodity sentiment, but the direct impact on feed markets is small.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- financialpost.com: https://financialpost.com/news/posthaste-may-25-heres-why-the-canadian-dollars-mini-rally-is-about-to-fizzle-out/

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