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C$ to strengthen as higher oil offsets US Fed rate hikes
Shoaib Ur Rehman
06 Oct, 2016
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Copyright Reuters, 2016
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![](https://i.brecorder.com/images/2016/10/canadian-dollar-july1.jpg">TORONTO: The Canadian dollar will strengthen over the coming year as higher oil prices provide support, but monetary policy divergence and US election risk will restrain the currency in the near term, a Reuters poll found. </P><P class=MsoNormal>The loonie is forecast to be little changed at C$1.3200 in three months, the poll of over 40 foreign exchange strategists showed, down just 0.2 percent from Wednesday's close of C$1.3175. </P><P class=MsoNormal>The forecast is a downgrade from C$1.3100 forecast a month ago. )
