# Up or down? Currency watchers split on which way the dollar is headed | CBC News

> Currency analysts are divided on the direction of the Canadian dollar, which was up about 4 percent against the US dollar since January 2019 at around 76 US cents on July 29. Strong economic growth and trade have supported the loonie, but some strategists worry about risks ahead.

- Date: 2019-07-30 · published 2019-07-30T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/58336-up-or-down-currency-watchers-split-on-which-way-the-dollar-is-headed-cbc-news
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Currency direction alters the cost of Canadian and US-priced feed inputs for Canadian buyers. Uncertainty around the loonie makes import cost planning harder for feed buyers.

## Sources

- cbc.ca: https://www.cbc.ca/news/business/loonie-80-cents-projection-1.5222055

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