A bull on the loonie stands up

"The market is pricing in an overly benign outlook for Canadian short-term interest rates," says BCA Research, sounding a contrary bullish call on the loonie (FXC), which has been a one-way bet (short) for about a year now. "Canada has a much smaller output gap than the U.S. Therefore, Canada is likely to hit capacity constraints sooner ... the BoC will need to normalize policy ahead of the Fed."

Previously: Poloz comments send loonie back to 5-year low

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs