# Loonie set to fall to 15-year lows: CIBC - The Globe and Mail

> CIBC economists expect slower Canadian growth relative to the U.S., which would keep the Bank of Canada from matching U.S. rates. They see the Canadian dollar possibly falling below C$1.40 per U.S. dollar, a level last seen between 1998 and 2003. Weak productivity is cited as a cause.

- Date: 2019-02-20 · published 2019-02-20T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/60842-loonie-set-to-fall-to-15-year-lows-cibc-the-globe-and-mail
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A forecast loonie decline lifts the USD/CAD rate and makes Canadian production cheaper in dollar terms. This is a bank forecast rather than a supply or demand change for feed commodities.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/investing/markets/inside-the-market/article-loonie-set-to-fall-to-15-year-lows-cibc/

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