Wednesday, February 5, 2014

FX Outlook 2014 - Disinflationary Risks Continue To Pressure CAD

We expect CAD to depreciate against USD this year as the BOC sounded more dovish in December, signaling it might push backward the timing of interest rate hike. Despite a strong 3Q13 GDP growth, the central bank raised concerns over the lack of investment and exports. It also warned of



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