Loonie made mistake. Forecast as of 12.01.2024

The market expects the BoC to start monetary expansion later than the Fed. And a smaller scale of monetary easing. How does this affect USDCAD? Let us discuss this topic and make up a trading plan.

Weekly Canadian dollar fundamental forecast

The economy is weak and oil is controlled by the bears. The ideal environment for CAD sales. However, USDCAD quotes are falling, while the loonie is one of two G10 currencies that are stubbornly resisting a strong greenback. What are the reasons for such phenomenal stability?

Canada will face a mild recession in the first half of the year due to job… Read full author’s opinion and review in blog of #LiteFinance