The loonie is likely to amble in a 1.30-1.35 range into year’s end, according to economists at Westpac. 2021 will be likely a more auspicious year for CAD as vaccines are deployed and global recovery lifts up pace. Key quotes “Canada has not covered itself in glory lately. The recent Fitch downgrade underscores rising fiscal risks, while PM Trudeau and his government have been wounded by a government contract ethics scandal.” “High frequency alternative data show the pace of rebound has lost some of its zest and the BoC remains among the more aggressive central banks, the Bank’s balance sheet growth approaching +20% of GDP since March 2020, well ahead of G10 peers.” “USD/CAD likely to amble in a 1.30-1.35 range into the year’s end. 2021 likely to be a more propitious year for CAD, as vaccines are deployed and global recovery picks up pace.” 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 USD/CNH is now focused on 6.9300 – UOB FX Street 2 years The loonie is likely to amble in a 1.30-1.35 range into year’s end, according to economists at Westpac. 2021 will be likely a more auspicious year for CAD as vaccines are deployed and global recovery lifts up pace. Key quotes “Canada has not covered itself in glory lately. The recent Fitch downgrade underscores rising fiscal risks, while PM Trudeau and his government have been wounded by a government contract ethics scandal.” “High frequency alternative data show the pace of rebound has lost some of its zest and the BoC remains among the more aggressive central banks, the Bank’s balance sheet… 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.
