Canadian dollar forecasts
TORONTO (Reuters) – US Dollar index FX Signals There is less upside for Canada’s dollar over the coming year, according to analysts who are weighing the effect of a surprise contraction in the economy and signs of a cooler housing market on the Bank of Canada’s policy outlook, a Reuters poll showed.
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The data “does create a bit of a question mark about just how quickly the Bank of Canada will raise interest rates going forward,” said Shaun Osborne, chief currency strategist at Scotiabank.
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A combination of more oil supply and weakening residential investment could weigh on the Canadian dollar next year, said Stephen Brown, senior Canada economist at Capital Economics.
Canadian dollar forecasts
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Canadian dollar forecasts
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Canadian dollar forecasts
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