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- There is less upside for Canada's dollar over the coming year, according to analysts who are weighing the effect of a surprise contraction in the economy and signs of a cooler housing market on the Bank of Canada's policy outlook, a Reuters poll showed.
www.reuters.com/world/americas/canadian-dollar-forecasts-turn-less-bullish-economy-stumbles-2021-09-03/Canadian dollar forecasts turn less bullish as economy stumbles
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6 days ago · The exchange rate with the US dollar has floated in the C$1.34-C$1.38 range for most of 2024, only recently surpassing the top end following the Bank’s half-point rate cut. For that reason, Reid cautions that there’s now an expectation that the Canadian dollar might see heightened volatility over the next year.
Jul 24, 2024 · The Bank of Canada lowered its key interest rate for the second time this year to 4.5 per cent. Here's what the decision means for the Canadian dollar.
4 days ago · The Canadian dollar has dipped to levels not seen since 2020, and this will likely significantly impact your everyday expenses. ADVERTISEMENT. This week, the loonie sunk below 72 cents US for the first time in over four years, closing Tuesday at 71.89 cents US after sinking just under 72 cents on Monday. As of Friday morning, the Canadian ...
6 days ago · Canada’s currency sunk below 72 cents US this week for the first time in more than four years, breaking through the 72 to 76 cent band it has been trading within in recent months. It closed Tuesday at 71.89 cents US after falling just under 72 cents on Monday. As of midday Wednesday it had inched a little lower, to 71.85 according to XE.com.
- Euro
- Japanese Yen
- British Pound
- Canadian Dollar
- Conclusion
The euro has underperformed our expectations over the past few months, unable to push beyond January’s 1.2350 high and falling to 1.1700 in mid-August. Aside from temporary U.S.-dollar strength, another reason for the euro’s recent weakness is the ECB’s differing approach to monetary policy compared with central banks in the U.S. and Canada. While ...
Japan has enjoyed a stable current-account surplus for years, a positive inflow that is only partially offset by capital leaving the country to finance foreign direct investment (Exhibit 13). The swing factor in the balance of payments comes in the form of newfound demand for Japanese assets. Domestic investors seem more enthusiastic about Japanese...
The British pound has not been among our favourite currencies over the past few years due to Brexit uncertainty, a sizable current-account deficit and a lack of competitiveness relative to its largest trading partners. This pessimism has softened, perhaps more from our bearish outlook on the U.S. dollar than for any U.K.-specific reasons. The macro...
The Canadian dollar has fallen 5% since the beginning of June. Weaker global economic data and broad U.S.-dollar strength are partly to blame for the depreciation, though can’t fully explain it. Even with the decline, the Canadian dollar is the best-performing G10 currency this year, and statistical models (Exhibit 16) suggest the currency should s...
Support from a few short-term themes helped the U.S. dollar trade sideways this year within a very tight 4% band. We believe that the greenback remains in a longer-term downtrend, however, and that further weakness will persist in the years ahead. The dollar decline should be most helpful for cyclical currencies that benefit from rising commodity p...
Sep 16, 2022 · The Canadian dollar fell to its lowest level in almost two years on Friday, as investors around the world survey the worsening outlook for the economy, and run toward the safety of the U.S....
Nov 26, 2021 · The Canadian dollar on Friday posted its biggest decline in more than three months against its U.S. counterpart as news of a new, possibly vaccine-resistant coronavirus variant spooked...
