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4 days ago · We’re bullish on Government of Canada bonds, but we think the loonie is stuck in a low-for-long bind. In equities, you want to be biased toward the industries where a weaker currency will boost...
5 days ago · The Canadian dollar slid against the greenback to its lowest mark since May 23 — hitting 1.3741 per US dollar — after the Bank of Canada on Wednesday lowered benchmark borrowing costs by 25 ...
6 days ago · The Canadian dollar is set to strengthen less than previously expected over the coming year if the Bank of Canada begins cutting interest rates ahead of the Federal Reserve and the U.S....
14 hours ago · rate cuts could cause canadian dollar to decline 2024-06-11 - barbara shecter unless there was some other factor at play — such as strong commodity prices, or a broadly weak u.s. dollar — an interest. rate gap of more than 100 basis points would likely put some. serious downward pressure on the loonie. — doug porter, bmo
Jun 4, 2024 · Traders are bracing for weakness in the Canadian dollar amid wagers that local policymakers will likely reduce interest rates before their peers at the Federal Reserve.
Jun 3, 2024 · With Canada’s economy lagging the U.S., TD predicts the Bank of Canada will begin cutting rates this summer and increase the pace at the end of 2024. Down south, the Fed likely won’t start cutting until December, and eventually the gap between the two rates will widen to 125 basis points.
Jun 4, 2024 · BofA’s Du sees the loonie strengthening to 1.35 against the greenback by year-end with U.S. inflation and growth data continuing to follow Canada lower. “The Canadian dollar should rally more meaningfully against the U.S. dollar once Fed rate cuts become more imminent.” Bloomberg.com
