# Today's federal budget could give the loonie a boost — but beyond that, things look murky - Financial Post

> Canada's federal budget was due on March 19 and could provide fiscal stimulus to a slowing economy. Most economists expected modest measures. Longer-term forecasts see the loonie possibly falling toward 71 US cents over the next year.

- Date: 2019-03-19 · published 2019-03-19T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/60320-today-s-federal-budget-could-give-the-loonie-a-boost-but-beyond-that-things
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Fiscal stimulus would be a short-term support for the CAD, but a weaker longer-term loonie would keep Canadian oilseed exports price-competitive abroad.

## Read by commodity

- USDCAD: neutral

## Sources

- financialpost.com: https://financialpost.com/investing/todays-federal-budget-could-give-the-loonie-a-boost-but-over-the-longer-term-things-look-murky/

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