USD/CAD: Loonie to appreciate on the back of higher policy rate – NBF USDCAD BOC Banks Canada
“The loonie is still down 3.9% despite a better performing economy, a current account surplus, the best terms of trade on record and a hawkish central bank. Even then, 1.32“Notwithstanding the upcoming slowdown, we still expect economic resilience to translate into a higher policy rate in Canada than in the US. Such a development remains conducive to CAD appreciation vs. the greenback.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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