# CAD: Healthier background forming - Westpac — Octa

> Westpac analyst Richard Franulovich said the Canadian dollar outlook is improving as energy prices steady, yield spreads firm and hopes rise for a quick NAFTA conclusion. He noted that about 41 basis points of Bank of Canada hikes are priced through April 2019.

- Date: 2018-07-26 · published 2018-07-26T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/64259-cad-healthier-background-forming-westpac-octa
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A firmer loonie outlook tied to NAFTA progress would influence the cost of Canadian-origin feed commodities priced in U.S. dollars.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/593159/

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