CAD to underperform relative to most of its G10 peers over the medium term – Wells Fargo USDCAD Canada BOC Energy Banks
We expect only modest gains in the CAD against the US currency over time. While growth was resilient in early 2023, an overall slowing inflation trend means we believe the Bank of Canada has already ended its tightening cycle.
Against this backdrop, we expect the Canadian Dollar to underperform relative to most of its G10 peers over the medium term.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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