# ‘Sheer cussedness’ of the Canadian dollar confounds analysts - The Globe and Mail

> Analysts say the Canadian dollar has held firm at more than 76 US cents despite expectations of weakness from the new Trump administration's protectionism. The currency has been supported by firmer oil prices and is the second-best performing major currency since the US election.

- Date: 2017-02-06 · published 2017-02-06T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/72732-sheer-cussedness-of-the-canadian-dollar-confounds-analysts-the-globe-and-mail
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

The loonie's resilience keeps USD/CAD subdued, but analysts see complacency about trade risk. A sudden repricing could lift USD/CAD and raise costs for Canadian-linked commodity buyers.

## Read by commodity

- USDCAD: neutral

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/report-on-business/top-business-stories/sheer-cussedness-of-the-canadian-dollar-confounds-analysts/article33905162/

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