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The Loonie has not moved much in the last month, with USD/CAD bouncing around 1.3500. Economists at CIBC Capital Markets analyze the pair’s outlook.
We don’t expect the BoC to pivot further towards setting the stage for rate cuts until its April MPR, at which point the Loonie is likely to weaken further, with USD/CAD set to peak at 1.3700 in Q2.
Once the Fed is on the policy normalization path starting in Q3, broad USD weakness should help give the CAD a lift, with higher commodity prices in 2025 also boosting the currency
風險提示：本文所述僅代表作者個人觀點，不代表 Followme 的官方立場。Followme 不對內容的準確性、完整性或可靠性作出任何保證，對於基於該內容所採取的任何行為，不承擔任何責任，除非另有書面明確說明。
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