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Canadian dollar seen stronger but break of 1.20 to remain elusive: Reuters poll

Canadian dollar seen stronger but break of 1.20 to remain elusive: Reuters poll
Reuters
10 hrs ago
By Fergal Smith
© Reuters/Mark Blinch
FILE PHOTO: FILE PHOTO: A Canadian dollar coin, commonly known as the Loonie , is pictured in this illustration picture taken in Toronto
By Fergal Smith
TORONTO (Reuters) - Canada s dollar will strengthen over the coming year, bolstered by higher oil prices and reduced stimulus from the Bank of Canada, but gains could stop short of the currency s recent six-year high, a Reuters poll showed.
The loonie has pulled back 3.2% since last month touching its strongest level since May 2015 near 1.20 per U.S. dollar, or 83.33 U.S. cents, pressured by the Federal Reserve s surprise shift to more hawkish guidance and worries the spreading Delta variant of the COVID-19 virus could slow a global economic recovery. ....

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Canadian dollar seen stronger but break of 1.20 to remain elusive

Fergal Smith
3 minute read
A Canadian dollar coin, commonly known as the Loonie , is pictured in this illustration picture taken in Toronto, January 23, 2015. REUTERS/Mark Blinch/File Photo
Summary
reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/fx-polls?RIC=CAD= poll data
TORONTO, July 1 (Reuters) - Canada s dollar will strengthen over the coming year, bolstered by higher oil prices and reduced stimulus from the Bank of Canada, but gains could stop short of the currency s recent six-year high, a Reuters poll showed.
The loonie has pulled back 3.2% since last month touching its strongest level since May 2015 near 1.20 per U.S. dollar, or 83.33 U.S. cents, pressured by the Federal Reserve s surprise shift to more hawkish guidance and worries the spreading Delta variant of the COVID-19 virus could slow a global economic recovery. ....

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Canadian dollar forecasts grow more bullish as economy strengthens

Canadian dollar forecasts grow more bullish as economy strengthens
theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.

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POLL-Canadian dollar forecasts grow more bullish as economy strengthens

3 Min Read
TORONTO, April 1 (Reuters) - Analysts have raised their Canadian dollar forecasts for the coming year, expecting the currency to benefit from faster growth in the domestic economy and a potential reduction by the Bank of Canada of its bond purchases, a Reuters poll showed.
The loonie advanced 1.4% against the U.S. dollar in the first quarter, its fourth straight quarterly gain and the best performance among the G10 currencies.
The median forecast of more than 30 strategists was for the Canadian dollar to rise a further 0.6% over the next three months to 1.25 per U.S. dollar, or 80 U.S. cents. ....

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Chute du huard: les étudiants expatriés paient la note

Chute du huard: les étudiants expatriés paient la note
lesaffaires.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lesaffaires.com Daily Mail and Mail on Sunday newspapers.

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