# Canadian dollar to rally; trade deal clips economic worry

> Reuters poll of more than 50 currency strategists raised forecasts for the Canadian dollar over the coming year after a deal to revamp NAFTA reduced economic uncertainty. The loonie had rallied as much as 2.3 percent since the prior Thursday and touched its highest in over four months at C$1.2783 per US dollar.

- Date: 2018-10-04 · published 2018-10-04T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/62776-canadian-dollar-to-rally-trade-deal-clips-economic-worry
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Trade certainty supports Canadian dollar strength, which can influence Canadian export competitiveness for grains and oilseeds. The currency effect on US feed commodity prices is limited.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/article/us-forex-poll-canada/canadian-dollar-to-rally-trade-deal-clips-economic-worry-idUSKCN1ME1SB/

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