# Outlook For US Canadian Dollar X-Rate "Constructive" Say Scotiabank Analysts | Exchange Rates UK

> Scotiabank analysts said they held a constructive medium-term view on the Canadian dollar and expected gains into spring and summer. The loonie edged higher despite a weak GDP reading, and rate-hike pricing showed a full 25bp hike priced by July.

- Date: 2018-03-31 · published 2018-03-31T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/66252-outlook-for-us-canadian-dollar-x-rate-and-quot-constructive-and-quot-say
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A firmer loonie would lower the Canadian-dollar cost of US-priced feed inputs and grain imports. The outlook is a forecast with no new trade or supply event.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/21150/usd-cad-outlook-for-us-canadian-dollar-x-rate-constructive.html

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