# Canadian dollar may go as low as 70 cents US in 2017, experts say | CBC News

> Forecasters expect the Canadian dollar to fall toward 70 to 72 US cents in 2017 as the US economy gains speed, the Federal Reserve raises rates and oil prices stay soft. The loonie closed at 74.10 US cents on Wednesday.

- Date: 2016-11-24 · published 2016-11-24T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/74054-canadian-dollar-may-go-as-low-as-70-cents-us-in-2017-experts-say-cbc-news
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

A weaker Canadian dollar would make Canadian canola meal and barley more competitive on world markets, while a stronger US dollar generally pressures US-priced feed commodities.

## Read by commodity

- USDCAD: bullish ▲
- CANMEAL: bearish ▼

## Sources

- cbc.ca: https://www.cbc.ca/news/business/loonie-us-dollar-forecasts-1.3863851

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