Canada Economics

Canada Economics Weekly

22 June, 2018

Dollar driven by rate outlook rather than trade fears

The Canadian dollar hit a 12-month low this week, dropping to 75 cents against the US dollar. It started this year above 80 cents. Despite that decline, markets appear to be sanguine about the risks of a full-blown trade war with the US, since most of the loonie’s decline can be accounted for by shifting interest rate differentials.

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