# ‘Buckle up’: It would take $100 oil to stop the Canadian dollar from skidding to 75¢ - The Globe and Mail

> Bank of America Merrill Lynch expects the Canadian dollar to slide toward 75 US cents over three to six months, driven by diverging Bank of Canada and Federal Reserve policy. The bank says oil would need to exceed $100 a barrel to prevent that decline, and NAFTA tensions add pressure.

- Date: 2017-11-17 · published 2017-11-17T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/68200-buckle-up-it-would-take-100-oil-to-stop-the-canadian-dollar-from-skidding-to-75
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

A weaker loonie would make Canadian exports cheaper in US dollar terms, adding competitive pressure on Canadian canola and barley in global markets.

## Read by commodity

- USDCAD: bullish ▲
- CANMEAL: bearish ▼

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/report-on-business/top-business-stories/buckle-up-it-would-take-100-oil-to-stop-the-canadian-dollar-from-skidding-to75/article37000131/

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