From Credit Agricole
We believe that next week’s Bank of Canada rate decision could be a turning point for the CAD. The BoC’s steady message and its reliance on fiscal expansion have been instrumental to the CAD’s second-best performance in the G10 this year. However, a combination of a sluggish domestic economy and mounting global risks post Brexit could tilt the BoC in a more dovish direction.
Next week will be the turning point for the Canadian dollar – Credit Agricole
ByAdam Button
Jul 7, 2016