Barclays Capital on the Canadian dollar:
We expect a front-loaded depreciation of the loonie (USDCAD: 1.37 in Q4 16), with some moderation by the end of 2017 (to 1.42).
We expect Canada to be less affected than Mexico by the possible imposition of US anti-globalization policies, including renegotiating or rescinding NAFTA, but indirect effects may be greater than many realize, and uncertainty surrounding Trump’s policy choices is likely to weigh on the CAD.
CAD: A ‘front-Loaded’ depreciation of the loonie: where to target – Barclays
ByAdam Button
Nov 19, 2016