# ‘When it comes to the loonie, sell strength at every opportunity’: Analysts cut their Canadian dollar forecasts - The Globe and Mail

> Analysts including David Rosenberg advised selling the Canadian dollar on strength, and JPMorgan trimmed its loonie forecast to expect a dip in mid-2019. Concerns center on household debt and a Bank of Canada on hold on rates. Forecasts see limited recovery above 75 US cents.

- Date: 2019-03-18 · published 2019-03-18T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/60319-when-it-comes-to-the-loonie-sell-strength-at-every-opportunity-analysts-cut
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Expectations of a weaker CAD make Canadian canola and other exports cheaper for foreign buyers, though the currency outlook is a secondary driver for feed pricing.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/business/briefing/article-when-it-comes-to-the-loonie-sell-strength-at-every-opportunity/

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