- CAD fundamentals sound and firms are optimistic (even before USMCA deal) given the latest BoC survey.
- Given Higher
USOIL
prices will push a solid ground to prevent downside risks.
-
USDCAD
will remain sensible and volatility will work in our favor.
- These factors will move CAD key rate higher.
- Institutional consensus is USD flat since all rates are priced and no new inflation data surprise is expected.