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- USD/CAD: Loonie could strengthen modestly to 1.3200 by year-end – BMO
USD/CAD: Loonie could strengthen modestly to 1.3200 by year-end – BMO
USD/CAD has settled in the mid/upper 1.3400s. Economists at the Bank of Montreal analyze the pair’s outlook.
CAD is unlikely to take flight
The Canadian Dollar (CAD) remains boxed in a narrow, depressed range.
Given the country's poor economic and productivity performance, CAD is unlikely to take flight. However, assuming the trade-weighted Greenback continues to retreat from earlier record highs, the Loonie could strengthen modestly to 1.3200 by year-end.
See – USD/CAD: A final leg of Loonie weakness in the coming quarter – CIBC
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