# Optimism On Eventual NAFTA Deal Lifts Loonie - CPECN

> A Reuters poll of currency strategists expected the Canadian dollar to strengthen over the coming year as NAFTA clarity could open the door to more Bank of Canada rate hikes. The loonie had weakened despite oil prices surging to a three-year high, and the poll projected 79.20 U.S. cents in three months.

- Date: 2018-05-10 · published 2018-05-10T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/65247-optimism-on-eventual-nafta-deal-lifts-loonie-cpecn
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A stronger loonie on NAFTA clarity would raise the cost of Canadian exports to U.S. buyers, while the poll reflects expectations rather than a new supply or demand shock for feed commodities.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- cpecn.com: https://www.cpecn.com/news/optimism-on-eventual-nafta-deal-lifts-loonie/

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