# Chart Of The Day: Why You'd Be Looney To Be A CAD Bull | Investing.com

> The Canadian dollar was the strongest major currency in July after Canada's economy grew 0.6 percent in May, three times expectations. Traders raised bets on further Bank of Canada hikes, with a September or October move increasingly priced in.

- Date: 2017-07-31 · published 2017-07-31T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/70222-chart-of-the-day-why-you-d-be-looney-to-be-a-cad-bull-investing-com
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Expectations of further rate hikes support the loonie, and the resulting currency strength can weigh on Canadian export competitiveness for agricultural products.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- investing.com: https://www.investing.com/analysis/chart-of-the-day-why-you-should-be-a-loonie-bear-200204555

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