The George Davis Report: November 2020 Edition

By George Davis
Published November 12, 2020 | 5 min watch

A monthly video series on the trajectory of the Canadian dollar

In this edition of the George Davis report, George discusses some surprises from the US election and the impact on the Canadian dollar.

 

What you need to know

1

The US Presidential election was much closer than polls or betting odds suggested.

2

Furthermore, a contested election result has been met with a surprising market reaction.

3

The failure of the “Blue Wave” may impede some of Biden’s election platform in a split Congress.

4

This would include taxation and regulatory legislation.

5

The Canadian economy faces headwinds in Q4 and beyond, but risk sentiment will be a primary driver of CAD direction.

Hedging Strategies:

USD/CAD

Buyers

1.2700/1.2800

Sellers

1.3200-1.3300

This video is part of our monthly George Davis Report series, with ad hoc reports brought to you as current.


George Davis

George Davis
Chief Technical Strategist, Fixed Income, Currencies & Commodities, RBC Capital Markets


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