Canadian Dollar Shows It Has Swagger as Supercyclists Hop Aboard

Already one of the best performing major currencies this year, Canada’s dollar looks poised to become a market darling for all of 2021. At the heart of the loonie’s broad gains are demand for the country’s abundant natural resources, attractive yields and proximity to the U.S., where vaccination rollouts and infrastructure spending are seen helping Canada’s biggest export market regain its footing. Against that reflation-trade backdrop and relative calm in equity markets, the Bank of Canada signaled it will slow quantitative easing. That’s fueled the currency’s largest quarterly return in years against … (full story)

Let's Have A Chat ​

OPEN ACCOUNT

please, upload jpg, jpeg, png or pdf files only