Economists at Credit Suisse remain bullish on the loonie ahead of next week’s fiscal budget announcement on 19 April and of the BoC’s interest rate decision on 21 April and hold a 1.2260 USD/CAD target. The Bank of Canada is unlikely to push back “We see COVID-19 and lockdown-related risks to the growth outlook as limited for now, and partially offset by the prospect of additional fiscal spending.” “Bank of Canada may announce a very gradual plan to reduce asset purchases: we think this would add to the already ongoing reduction in balance sheet growth, with positive implications for CAD.” “Our view on CAD is constructive, with a 1.2260 USD/CAD target over a three-month horizon, and is based mainly on expectations of beneficial growth spillover from US fiscal stimulus.” 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 EUR/USD: Next stop, 1.20? Overbought conditions and a vaccine scare may cause a pause Yohay Elam 2 years Economists at Credit Suisse remain bullish on the loonie ahead of next week's fiscal budget announcement on 19 April and of the BoC's interest rate decision on 21 April and hold a 1.2260 USD/CAD target. The Bank of Canada is unlikely to push back "We see COVID-19 and lockdown-related risks to the growth outlook as limited for now, and partially offset by the prospect of additional fiscal spending." "Bank of Canada may announce a very gradual plan to reduce asset purchases: we think this would add to the already ongoing reduction in balance sheet growth, with positive implications for… 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.
