What you need to know:
In this month’s special edition of the George Davis Report, we provide a detailed analysis of RBC’s economic forecasts.
In particular, we discuss the need to redefine what can be termed “strong” or “week” economic growth in the current environment as the economy deals with productivity, trade and immigration shocks.
Redefining growth will have important implications for Bank of Canada policy settings, which in turn will impact the value of the Canadian dollar.
Hedging flows will also factor into CAD performance and our forecast profile.
We also introduce the RBC Capital Markets FX Portfolio Monitor (FXPM), a new product developed in-house to provide our clients with more clarity and control over their FX portfolio and hedging decisions.
For the trading range:
USD/CAD
Buyers
1.3500/1.3600
Sellers
1.3900/1.4000
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