# Loonie could jump up to 82 cents US if trade talks are successful, says economist | CBC News

> TD Economics senior economist James Orlando said the Canadian dollar could rise to 82 US cents if Canada and the U.S. strike a trade deal, from about 76 cents currently. The loonie has lost more than four per cent against the U.S. dollar this year as trade uncertainty weighed on it. Orlando said the currency is two to three per cent undervalued.

- Date: 2018-08-31 · published 2018-08-31T12:00:00.000Z
- Category: trade · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/63768-loonie-could-jump-up-to-82-cents-us-if-trade-talks-are-successful-says
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A stronger loonie makes Canadian-origin feed and dairy inputs cheaper for U.S. buyers and raises costs for Canadian buyers of U.S. feed grains and meal. A signed NAFTA deal would likely pull USDCAD lower.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- cbc.ca: https://www.cbc.ca/news/business/canadian-dollar-loonie-trade-1.4806253

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