The Canadian dollar continues to get battered ...Middle East

It's feast or famine for the Canadian dollar. It's on a seven-day losing streak at the moment, running to 1.3750 from 1.3480 in that time. Incredibly, the seven-day losing streak is only the worst since July, when it sold for nine straight days, though the magnitude of this move is larger.If you look over the past few months, there have been a series of large one-way moves in both directions.The market has been grappling with the relative underperformance of the Canadian economy relative to the US and inflation falling faster in Canada. Canadian CPI is at 2.0% y/y and the Bank of Canada is hinting at a faster pace of cuts. Yesterday, RBC (Canada's biggest bank) forecast that the BOC will cut

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Last updated : 10 October 2024 clock 05:24 PM

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The Canadian dollar continues to get battered ...Middle East

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