TORONTO—The Canadian dollar is forecast to rally over the coming year, a Reuters poll showed on Wednesday, as global economic strength and a broadly weaker greenback offsets smoldering investor fears of a trade war that could damage Canada’s economy.
The poll of nearly 50 foreign exchange strategists taken March 1-6 predicted that the loonie will climb to C$1.2700 to the greenback, or 78.74 U.S. cents, in one month, from around C$1.2875 on Tuesday. It is then expected to climb in a year to C$1.2300, matching the forecast from last month’s poll.
