# Loonie could drop to nearly 70 cents US if Canada’s exports stay at ‘snail’s pace’: CIBC

> CIBC warned the Canadian dollar could fall toward 70 U.S. cents if Canada's exports stay at a sluggish pace. The page content is mostly site navigation and scripting with no substantive article text beyond the headline.

- Date: 2018-05-28 · published 2018-05-28T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/65249-loonie-could-drop-to-nearly-70-cents-us-if-canada-s-exports-stay-at-snail-s
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Sustained export weakness and a falling loonie would lower Canadian export prices and shift trade flows, but the forecast is a conditional view with limited direct impact on feed commodity prices.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- bnnbloomberg.ca: https://www.bnnbloomberg.ca/loonie-could-drop-to-nearly-70-cents-us-if-canada-s-exports-stay-at-snail-s-pace-cibc-1.1083755

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