The George Davis Report: April 2020 Edition
By
George Davis, CMT
Published April 9, 2020
|
7 min watch
Don’t miss this month's edition of The George Davis Report – where George discusses the impact of COVID-19 and our newly-revised economic forecasts.
In this edition of the George Davis report, George discusses the impact of COVID-19 and our newly-revised economic forecasts.
We assess the monetary policy response to COVID-19 in Canada.
Fiscal stimulus will also play a major role in cushioning the impact of COVID-19.
The recent BoC Business Outlook Survey highlights a particularly hard-hit area of the economy.
Our revised economic forecasts point to a major downturn in Q2, followed by a recovery in H2 2020.
The timing of the relaxation of social distancing measures will be critical for forecast accuracy.
Hedging Strategies:
USD/CAD
This video is part of our monthly George Davis Report series, with ad hoc reports brought to you as current.
© RBC Capital Markets, LLC, RBC Dominion Securities Inc., RBC Europe Limited 2018
George Davis, CMT
Chief Technical Strategist, Fixed Income, Currencies & Commodities, RBC Capital Markets
With over 30 years of market experience, George Davis is responsible for RBC’s Canadian dollar forecasts as well as intermarket technical analysis research that covers the FX, fixed income and commodity asset classes. Prior to this, he was a Vice President on RBC’s spot Canadian dollar and forward foreign exchange desks in Toronto and a foreign exchange Dealer in Montreal.
His technical research has been recognized via twenty-two international awards in the FX, fixed income, commodity and emerging markets asset classes. George was also awarded Technical Analyst of the Year six times by the Technical Analyst magazine and once by the Canadian Society of Technical Analysts, in addition to being inducted into the CSTA Hall of Fame in 2017. George has a Bachelor of Commerce (Honours) from Concordia University, holds the Chartered Market Technician (CMT) designation and is a Managing Director of RBC Capital Markets.
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