USD/CAD to keep moving up closer to 1.40 – MUFG USDCAD Canada BOC Oil Banks
reflecting in part expectations that Canada’s economy will prove more sensitive to rate hikes than the US economy given household debt is much more elevated in Canada.”“While the OPEC+’s recent decision to deliver larger production cuts helps to dampen downside risks for the price of oil, it will not fully ease concerns over a sharper slowdown/recession in Canada that’s been weighing more on CAD.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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