Canadian Dollar Forecast: Busy Week Ahead, GDP, Fed, IMF, Earnings Season
2021-01-23 08:00:00
Daniel Dubrovsky,
Strategist
Canadian Dollar Fundamental Forecast: Neutral
The USD/CAD may focus on stock-steering event risk
Watch for: GDP, Fed, IMF, earnings and US stimulus
The Canadian Dollar traded mixed against the US Dollar this past week, but its broader path of appreciation since late March 2020 remains intact. CAD received a boost after Bank of Canada’s Governor Tiff Macklem noted that the nation ‘will not need as much QE’ over time under their base case. His comments crossed the wires following the BoC’s expected rate hold at 0.25%.