The Bank of Canada (BoC) delivered another dose of stimulus. The details send a clear message in how the market should view the CAD, according to economists at TD Securities. Key quotes “We are very bearish on the CAD for reasons related to the terms of trade shock, the ripple effects this will have from bankruptcies to lost incomes, and the structural imbalances of the economy (from trade to household debt).” “USD/CAD will inevitably trade higher. We are resolute in this view. Dips in USD/CAD sub-1.40 are false dawns and when liquidity permits, should be used to accumulate to existing positions.” “USD/CAD runs cheap on our HFFV estimate; we target 1.4650.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next PBOC: Will maintain normalization of monetary policy as long as possible FX Street 2 years The Bank of Canada (BoC) delivered another dose of stimulus. The details send a clear message in how the market should view the CAD, according to economists at TD Securities. Key quotes “We are very bearish on the CAD for reasons related to the terms of trade shock, the ripple effects this will have from bankruptcies to lost incomes, and the structural imbalances of the economy (from trade to household debt).” “USD/CAD will inevitably trade higher. We are resolute in this view. Dips in USD/CAD sub-1.40 are false dawns and when liquidity permits, should be used to accumulate to existing… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
