# Canadian dollar headed for 75¢, so short it: CIBC - The Globe and Mail

> CIBC deputy chief economist Benjamin Tal recommended shorting the Canadian dollar, forecasting a drop to just over 75 US cents early next year. He cited a predictable post-decision selloff and a more subdued outlook for Bank of Canada rate hikes.

- Date: 2017-10-30 · published 2017-10-30T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/68711-canadian-dollar-headed-for-75-so-short-it-cibc-the-globe-and-mail
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A forecast of a weaker loonie would raise USD/CAD and make Canadian-origin feed ingredients cheaper for US buyers. The view is a forecast rather than a new supply or demand event, so its price effect is modest.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/report-on-business/top-business-stories/short-the-canadian-dollarcibc/article36759804/

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