The Canadian Dollar Faces a Challenging Road. Forecast as of 20.12.2024

The political crisis in Canada has further compounded the visibly cooling labor market, weak economy, and concerns about 25% U.S. tariffs. Тhis onslaught of negative factors pushed the USDCAD quotes up. Let’s discuss it and make a trading plan. Major Takeaways Canadian government loses unity, pushing USD/CAD higher. Ottawa ponders how to respond to Donald Trump's threats. Rapid overnight rate cut puts pressure on the Canadian dollar. USD/CAD risks continuing the rally towards 1.455 and 1.488. Monthly fundamental forecast for the Canadian dollar Misfortune never comes alone. Canada became the third G7 country to face a political crisis before Donald... Read full author’s opinion and review in blog of #LiteFinance