Economists at HSBC expect the CAD to strengthen further against the USD over the near term. CAD could capitalise on high Oil prices We see the CAD str
CAD could capitalise on high Oil prices
The dominance of US-Canada rate differentials, driven by higher US rates, can explain why the CAD did not capitalise on the Oil price surge in August. However, if rate differentials become less of a dominant factor for USD/CAD, the determination of Organization of the Petroleum Exporting Countries and its allies to support Oil prices could see the CAD strengthening over the next few weeks.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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