# CAD expected to underperform this year - the crosses to position in

> UBS says the Canadian dollar's link to oil has weakened but remains positive. It expects the loonie to underperform this year on weak Canadian growth and a likely Bank of Canada rate cut. UBS sees fair value for USD/CAD at 1.3370.

- Date: 2020-02-14 · published 2020-02-14T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/54813-cad-expected-to-underperform-this-year-the-crosses-to-position-in
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A weaker loonie makes Canadian exports cheaper and affects cross-border feed trade pricing. The forecast is a currency view rather than a supply or demand event.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- investinglive.com: https://investinglive.com/news/!/cad-expected-to-underperform-this-year-the-crosses-to-position-in-20200214

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