# NAFTA ‘tape bombs,’ interest rates and the risk of a 70-cent Canadian dollar - The Globe and Mail

> Scenarios suggest the Canadian dollar could slide to 70 U.S. cents this year, driven by Bank of Canada rate expectations and NAFTA uncertainty. Canada, the U.S. and Mexico were starting their sixth round of NAFTA talks in Montreal. Analysts cited headline risk from negotiation news.

- Date: 2018-01-23 · published 2018-01-23T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/67202-nafta-tape-bombs-interest-rates-and-the-risk-of-a-70-cent-canadian-dollar-the
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

NAFTA headline risk could move the peso and loonie sharply, affecting North American export competitiveness for grains, meal and meat, which feed buyers should watch.

## Read by commodity

- USDCAD: bullish ▲
- USDMXN: bullish ▲

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/report-on-business/top-business-stories/nafta-tape-bombs-interest-rates-and-the-risk-of-a-70-cent-canadiandollar/article37680390/

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