# Canadian dollar forecast to overcome trade worries and strengthen: Reuters poll

> A Reuters poll of nearly 50 FX strategists forecast the Canadian dollar would rally to C$1.27 per US dollar in one month and C$1.23 in a year. The forecasts assume NAFTA renegotiation continues without a US withdrawal and that the Bank of Canada keeps raising rates.

- Date: 2018-03-07 · published 2018-03-07T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/66243-canadian-dollar-forecast-to-overcome-trade-worries-and-strengthen-reuters-poll
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A forecast loonie rally would lower the cost of US-priced inputs for Canadian feed buyers and modestly reduce the Canadian-dollar value of US commodity imports. The poll is an outlook rather than a new shock.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- ca.finance.yahoo.com: https://ca.finance.yahoo.com/news/canadian-dollar-forecast-overcome-trade-111839246.html

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