# Loonie set to fall below 72 cents in next few months and remain lower for longer, says CIBC - Financial Post

> CIBC economists expect the Canadian dollar to fall below 72 US cents in the first quarter of next year and stay weak longer. The loonie traded at 74.34 cents, its lowest since April, after a downward trend since May.

- Date: 2016-11-22 · published 2016-11-22T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/74056-loonie-set-to-fall-below-72-cents-in-next-few-months-and-remain-lower-for
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

A sustained weak loonie improves the competitiveness of Canadian grain and oilseed exports, supporting Canadian meal supply and easing pressure on feed prices in import markets.

## Read by commodity

- USDCAD: bullish ▲
- CANMEAL: bearish ▼

## Sources

- financialpost.com: https://financialpost.com/investing/loonie-set-to-fall-below-72-cents-in-next-few-months-and-remain-lower-for-longer-says-cibc/

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