Analysis team at National Bank Financial explains that the loonie’s woes continued during October with neither the USMCA trade deal nor the Bank of Canada’s hawkish signals able to offset risk off sentiment and weak Western Canada Select oil price. Key Quotes “We expect improvements on both of those fronts in the coming months with declining risk aversion (triggered perhaps by a slightly less protectionist Trump administration after the U.S. mid-term elections) and higher WCS prices (as inventories return to normal) giving a lift to the loonie.” “Rate spreads could also improve further in the C$’s favour if the federal government delivers some stimulus in this month’s Fall Economic Statement. For now, we are keeping unchanged our forecast for USDCAD to reach 1.27 by year-end.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next WH Adviser Kudlow: Trump to act aggressively on China if no deal reached FX Street 4 years Analysis team at National Bank Financial explains that the loonie's woes continued during October with neither the USMCA trade deal nor the Bank of Canada's hawkish signals able to offset risk off sentiment and weak Western Canada Select oil price. Key Quotes "We expect improvements on both of those fronts in the coming months with declining risk aversion (triggered perhaps by a slightly less protectionist Trump administration after the U.S. mid-term elections) and higher WCS prices (as inventories return to normal) giving a lift to the loonie." "Rate spreads could also improve further in the C$'s favour if the federal… 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.
