# A Canadian Dollar Advance is Possible over Coming Days

> Analysts at TD Securities and RBC Capital Markets expect the Canadian dollar to strengthen against the U.S. dollar over the coming days on technical and macroeconomic factors. The loonie had weakened as the U.S. dollar was boosted by a consumer confidence report. ING sees USD/CAD reaching 1.30 by 2020 on Canada's economic outperformance.

- Date: 2019-08-27 · published 2019-08-27T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/57825-a-canadian-dollar-advance-is-possible-over-coming-days
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A stronger loonie raises the local cost of U.S.-dollar-priced feed imports and grain exports for Canadian buyers, while a weaker U.S. dollar tends to support dollar-denominated commodity prices.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/cad/11943-canadian-dollar-draws-fresh-interest-amid-recovery-in-risk-appetites

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