# Signs are flashing that loonie surge has gone too far, too fast - The Globe and Mail

> The loonie has gained about 4 percent against the US dollar since a 10-month low at the end of 2016, helped by higher oil prices and a weaker greenback. Analysts warn that possible NAFTA talks, a weak recovery and a potentially dovish Bank of Canada could reverse the move.

- Date: 2017-02-03 · published 2017-02-03T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/72730-signs-are-flashing-that-loonie-surge-has-gone-too-far-too-fast-the-globe-and
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A reversal in the loonie would raise USD/CAD and make Canadian-origin commodities and imports relatively more expensive for US buyers. The warning highlights two-way risk for currency-exposed feed costs.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/globe-investor/investment-ideas/signs-are-flashing-that-loonie-surge-has-gone-too-far-too-fast/article33892137/

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