USD/CAD stays caught in a vary under mid-1.2400s. But given the Bank of Canada’s coverage stance, economists at the Bank of Montreal count on the pair to part decrease toward 1.20 by way of late 2022.
Moderation in strength fees to cap CAD upside potential
“The central bank’s hawkish pivot and rising electricity costs have put some wind below the Canadian dollar’s wings.”
“We see the loonie cruising relatively greater to 1.20 by way of late 2022 as the Bank hikes quotes in advance of the Fed, even though an anticipated moderation in power expenditures will cap its altitude.”
Information on these pages incorporates forward-looking statements that contain dangers and uncertainties. Markets and units profiled on this web page are for informational functions solely and must now not in any way come throughout as a suggestion to purchase or promote in these assets. You ought to do your personal thorough lookup earlier than making any funding decisions.
