Loonie Expected to Trade Rangebound as Canada's Economy Recovers

A recent Reuters poll suggests that the Canadian dollar will remain relatively stable in the near future as the domestic economy continues to recover.

The poll, which surveyed analysts and economists, found that respondents expect the loonie to trade within a narrow range of $1.30 to $1.35 against the US dollar over the next six months.

This outlook is based on the assumption that Canada's economy will continue to grow steadily, driven by factors such as low unemployment and rising consumer spending.