# Why the loonie's best days will soon be behind us: CIBC - Financial Post

> CIBC analysts said the Canadian dollar's strong 2017 run may be ending, forecasting a 1.29 to 1.33 range against the US dollar for most of 2018. The loonie had traded at 1.2560 after Trump said NAFTA would probably be terminated.

- Date: 2017-08-23 · published 2017-08-23T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/69714-why-the-loonie-s-best-days-will-soon-be-behind-us-cibc-financial-post
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A forecast of a weaker loonie through 2018 implies cheaper Canadian export commodities in USD terms, but it is an analyst view rather than a new supply or demand event.

## Read by commodity

- USDCAD: neutral

## Sources

- financialpost.com: https://financialpost.com/news/why-the-loonies-best-days-will-soon-be-behind-us-cibc/

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