Don’t miss this month’s edition of the George Davis Report, where George discusses RBC’s revised CAD forecasts along with market implications from Trump’s election victory.
What you need to know:
1
The Bank of Canada has changed their messaging to the market with regards to growth and inflation.
2
This has caused our rate strategists to make some significant changes to their interest rate forecasts.
3
The expected shift in US-CA interest rate differentials and terminal rate settings carry bullish implications for USD/CAD.
4
On the election front, Trump’s victory carries inflationary risks for the market.
5
This should amplify topside risks for the USD as the market digests the Trump policy initiatives.
For the trading range:
USD/CAD
Buyers
1.3700/1.3800
Sellers
1.4100/1.4200
