# Canada’s loonie no longer the ‘best dollar’ - The Globe and Mail

> Societe Generale revised its forecast and no longer expects the Canadian dollar to be the best-performing major currency this year. It now sees modest performance against the US dollar, with the loonie around 75.8 US cents in the second quarter. The bank cited stronger US data and coronavirus effects on Asian currencies.

- Date: 2020-02-24 · published 2020-02-24T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/54811-canada-s-loonie-no-longer-the-best-dollar-the-globe-and-mail
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A currency forecast revision has limited direct effect on feed prices. It mainly signals a shift in expected relative currency strength.

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/business/briefing/article-canadas-loonie-no-longer-the-best-dollar/

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