Canadian Dollar Outlook: Key USD/CAD, CAD/JPY Levels to Watch
Canadian Dollar Outlook: Key USD/CAD, CAD/JPY Levels to Watch 2021-01-12 12:00:00 Justin McQueen, Analyst CAD/JPY | Facing Long-Term Resistance Canadian Dollar Tracking Risk Sentiment and Oil Prices The Bank of Canada Business Outlook Survey continued to show a recovery in business sentiment from the near-record lows with optimism largely stemming from advances in vaccine developments. However, this is in contrast to the deterioration in the labour market, as evidenced by Friday’s jobs report. That said, in the short-run, t...
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