RSS Loonie Prepares for Turbulent Times. Forecast as of 11.12.2024

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 RSS Loonie Prepares for Turbulent Times. Forecast as of 11.12.2024

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Donald Trump's tariffs will spur inflation in Canada and severely bruise the country's economy. Meanwhile, the Bank of Canada (BoC) has decided that the most prudent course of action is to cut the overnight rate to 3.25% in December. Let's discuss this topic and make a trading plan for the USDCAD pair. Major Takeaways The Bank of Canada's rate cut is a measure to protect the economy. The BoC's rate of monetary expansion is significantly faster than the Fed's. Ottawa will lose the battle to Washington. The USDCAD pair may soar to 1.426 and 1.435. Weekly Canadian Dollar Fundamental Forecast... Read full author’s opinion and review in blog of #LiteFinance
 
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