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Canadian Dollar

Canadian dollar notches 1-month high ahead of federal budget
Markets

Canadian dollar notches 1-month high ahead of federal budget

  • Canada will present a budget on Monday, at about 4 p.m. (2000 GMT), with billions of dollars for pandemic recovery measures, C$2 billion toward national childcare, and new taxes on luxury goods.
  • This is going to be a serious budget that either sets the stage for post-pandemic policy in Canada, or has all the makings of an election platform, possibly to be used as soon as later this year.
Published 19 Apr, 2021 05:34pm
Canadian dollar forecasts grow more bullish as economy strengthens
World

Canadian dollar forecasts grow more bullish as economy strengthens

*The median forecast of more than 30 strategists was for the Canadian dollar to rise a further 0.6% over the next three months to 1.25 per US dollar, or 80 US cents. * "We expect the Canadian dollar to be a general outperformer among the G10 over the coming year," said Erik Nelson, a currency strategist at Wells Fargo in New York.
Published 01 Apr, 2021 05:15pm