# Buy the Canadian dollar, J.P. Morgan tells clients | Financial Post

> J.P. Morgan advised clients to buy the Canadian dollar after strong October Canadian jobs data altered rate expectations. The currency market is pricing two Bank of Canada hikes in 2018, and oil's correlation with the loonie has weakened.

- Date: 2017-11-06 · published 2017-11-06T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/68201-buy-the-canadian-dollar-j-p-morgan-tells-clients-financial-post
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Stronger expected Canadian rates support the loonie, which would raise the dollar cost of Canadian-origin canola meal and other exports.

## Read by commodity

- USDCAD: bearish ▼
- CANMEAL: bullish ▲

## Sources

- financialpost.com: https://financialpost.com/investing/buy-the-canadian-dollar-j-p-morgan-tells-clients

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