November 26, 2024
Financial Post: Loonie watch: ‘Nothing but dead air’ stopping the Canadian dollar from hitting 68 cents U.S., says Rosenberg
“We suspect these moves will ultimately look overdone, with the cold commercial logic of international trade and domestic price pressures prevailing in reducing the tariff burden that actually reaches implementation,” said Karl Schamotta, chief market strategist at Corpay - “But for now, markets are likely to take shelter, with participants hedging themselves against further uncertainty. Volatility expectations are — quite justifiably — ratcheting higher across most major currency pairs, helping to boost the dollar in relative terms”