# The dynamics underlying the loonie’s value could be changing - The Globe and Mail

> A Globe and Mail analysis argues the Canadian dollar is overvalued relative to bond spreads, with fair value nearer 73 US cents versus about 79 cents. It suggests the Bank of Canada statement will clarify whether currency drivers are shifting.

- Date: 2018-04-16 · published 2018-04-16T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/65744-the-dynamics-underlying-the-loonie-s-value-could-be-changing-the-globe-and-mail
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

The view that the loonie is overvalued points to possible depreciation, which would lower Canadian export prices in US dollars and support Canadian feed-grain competitiveness.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/investing/markets/inside-the-market/article-are-the-dynamics-underlying-the-loonies-value-changing/

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