Market News
Canadian dollar seen higher but upside limited by US tariff threat: Reuters poll
TORONTO, Jan 9 (Reuters) - The Canadian dollar is set to recoup only a small part of its recent losses in the coming year as expected U.S. trade tariffs cloud the economic outlook, offsetting investor optimism around a likely change in government, a Reuters poll found.
The median forecast of 37 foreign exchange analysts in the Jan. 3-8 poll predicted the loonie would edge 0.5% higher to 1.43 per U.S. dollar, or 69.93 U.S. cents, in three months, compared to the 1.4034 level expected in a poll last month.
