# How low can the Canadian dollar go? ‘We don’t expect much relief for the ailing loonie’ - The Globe and Mail

> Analysts expect the Canadian dollar could slide toward 74 US cents or lower, depending on how trade disputes develop. Weaker-than-expected Canadian inflation and retail sales data reduced expectations for a Bank of Canada rate hike.

- Date: 2018-06-26 · published 2018-06-26T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/64755-how-low-can-the-canadian-dollar-go-we-don-t-expect-much-relief-for-the-ailing
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A weaker loonie raises the Canadian cost of US-priced feed grains and meal, while lower rate expectations offer little currency support.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/business/briefing/article-now-worth-just-of-a-dollar-we-dont-expect-much-relief-for-the/

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