By Commodity News Service Canada
Oct. 4 (CNS Canada) – Currency analysts surveyed by Reuters
news agency have raised forecasts for the Canadian dollar in the
wake of an agreed upon deal to form a new trade agreement
between the United States, Mexico and Canada. More than 50
analysts in the poll saw the loonie’s value as rising during the
next year to 80 US cents, or C$1.2500. However, the consensus
also said the Canadian dollar in the short-term would stay near
78.13 U.S. cents, or C$1.2800.
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