Don’t miss this month’s edition of the George Davis Report, where George discusses the uncertainties and risks facing the Canadian economy in 2025.
What you need to know:
1
A change in the calendar year will do little to lift the clouds that are hanging over the Canadian economy.
2
The consumer will continue to face headwinds from high leverage and mortgage resets.
3
New immigration restrictions will impact both supply and demand and add to growth uncertainty.
4
The tariff issue is just starting to percolate and will persist through the renegotiation of the USMCA in 2026.
5
Taken together, these risks point to additional CAD weakness ahead – especially in the first half of 2025.
For the trading range:
USD/CAD
Buyers
1.3850/1.3950
Sellers
1.4250/1.4350
