CAD to Gain Further On Risk Appetite and Higher Crude Oil Price, Upside Limited by BOC Actions

<p>Similar to Australian dollar, Canadian dollar this year should continue to benefit from broad-based USD weakness, global recovery, and rebound in commodity, in particular crude oil, prices. However, with the US as its largest trading partner, BOC should track the Fed’s monetary policy closely, and avoid excessive appreciation of CAD against USD. This could limit […]</p>
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