- Improvement in short-term spreads, generally weaker USD needed to give CAD more obvious lift – Scotiabank
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14 tháng 9 2023
Improvement in short-term spreads, generally weaker USD needed to give CAD more obvious lift – Scotiabank
CAD trades modestly firmer near recent range highs on the USD. Economists at Scotiabank analyze Loonie’s outlook.
Positive tilt in the direction of factors driving the CAD
A steadier USD overall, steady stocks, somewhat firmer crude oil and marginal gains in commodity prices broadly suggest a slightly more positive tilt in the direction of factors driving the CAD.
But some additional improvement in short-term spreads and/or a generally weaker USD is needed to give the CAD a more obvious lift at this point.
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