Global Foreign Exchange

Conference Call

Please join us for our USDCAD outlook.

This presentation is now available at your convenience.

The pre-recorded webcast is available at: https://cc.callinfo.com/cc/playback/Playback.do?id=d1jkpt

FX Outlook:

  • USDCAD is expected to move back towards 1.08 and ultimately 1.10
  • The Q1 USDCAD rally provides important clues to the USDCAD outlook
  • With economic slack still significant Governor Poloz is unlikely to shift to a more hawkish stance and accordingly USDCAD is unlikely to move back towards 1.02 and more likely to move back towards 1.10.

Eric Theoret
FX Strategist 
Scotiabank | Global Banking and Markets   
40 King Street West, 56th floor, Toronto, Ontario, Canada M5H 1H1 
T.416.863.7030 
eric.theoret@scotiabank.com                             
www.scotiabank.com
Scotiabank is a business name used by The Bank of Nova Scotia