USD/CAD Outlook: Bearish Amid Optimistic Canadian GDP

<div><img width="400" height="267" src="https://www.forexcrunch.com/wp-content/uploads/2021/08/USD_CAD_Loonie_Flags.jpg" class="type:primaryImage wp-post-image" alt="my USD/CAD forecast" style="margin-bottom: 15px;" decoding="async" fetchpriority="high" srcset="https://www.forexcrunch.com/wp-content/uploads/2021/08/USD_CAD_Loonie_Flags.jpg 400w, https://www.forexcrunch.com/wp-content/uploads/2021/08/USD_CAD_Loonie_Flags-300×200.jpg 300w, https://www.forexcrunch.com/wp-content/uploads/2021/08/USD_CAD_Loonie_Flags-150×100.jpg 150w" sizes="(max-width: 400px) 100vw, 400px" /></div>
<p>US consumer spending moderately increased in October. The US PCE price index in October showed a slower 3% rise from a year ago. The Canadian economy contracted at an annualized rate of 1.1% in the third quarter. Heading into Friday, the USD/CAD outlook is bearish, riding the waves of continued dollar weakness. This bearish move…</p>
<p>The post <a href="https://www.forexcrunch.com/blog/2023/12/01/usd-cad-outlook-bearish-amid-optimistic-canadian-gdp/">USD/CAD Outlook: Bearish Amid Optimistic Canadian GDP</a> appeared first on <a href="https://www.forexcrunch.com">Forex Crunch</a>.</p>