# Loonie could climb back up to 83 U.S. cents if (and that's a big if) NAFTA uncertainty clears | Financial Post

> A Reuters poll of more than 40 FX strategists taken Dec. 4-6 forecasts the loonie at C$1.25 per US dollar in 12 months, roughly 80 US cents. Some forecasters see 83 cents if NAFTA uncertainty clears and the Bank of Canada resumes rate hikes.

- Date: 2017-12-07 · published 2017-12-07T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/67690-loonie-could-climb-back-up-to-83-u-s-cents-if-and-that-s-a-big-if-nafta
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

The forecast reflects expectations that trade uncertainty and rate policy will drive the Canadian dollar. A stronger loonie would modestly raise the USD cost of Canadian feed exports, but the poll is a forecast rather than a new shock.

## Read by commodity

- USDCAD: bearish ▼
- CANMEAL: bullish ▲

## Sources

- financialpost.com: https://financialpost.com/news/economy/poll-canadian-dollar-to-rise-once-nafta-uncertainty-clears

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