USD/CAD Forecast: Loonie Stalls Gains Led by Soaring WTI

<div><img width="400" height="267" src="https://www.forexcrunch.com/wp-content/uploads/2021/08/USD_CAD_Loonie_Flags.jpg" class="type:primaryImage wp-post-image" alt="my USD/CAD forecast" decoding="async" style="margin-bottom: 15px;" fetchpriority="high" srcset="https://www.forexcrunch.com/wp-content/uploads/2021/08/USD_CAD_Loonie_Flags.jpg 400w, https://www.forexcrunch.com/wp-content/uploads/2021/08/USD_CAD_Loonie_Flags-300×200.jpg 300w, https://www.forexcrunch.com/wp-content/uploads/2021/08/USD_CAD_Loonie_Flags-150×100.jpg 150w" sizes="(max-width: 400px) 100vw, 400px" /></div>
<p>The Canadian dollar remained strong amid higher oil prices. Oil hit a 10-month high on Friday. Economists expect Canada’s inflation to record an annual rate of 3.8% in August. Today’s USD/CAD forecast is bearish as the oil rally has boosted the loonie. The Canadian dollar pulled back slightly against the dollar on Monday. However, it…</p>
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