Canadian Dollar Declines Forecast by Barclays, Citi, BofA and UBS
Posted February 27, 2015
(Pound Sterling Live)
In a new note to clients Barclays say they are forecasting falls in the Canadian dollar (CAD) in coming months.
Indeed, the recent strength seen in the US to Canadian dollar exchange rate (USDCAD) should present investors an opportunity to gear up for a resumption of the upward trend in the pair.
The call by Barclays also chimes with similar views at other major research houses that includes Citigroup and UBS.
And as we reported recently, Bank of America have advised clients that they are forecasting a weaker CAD profile in 2015. Click here to read more.
Related:
• Canadian Dollar and Business Outlook (Commodity News Service Canada)
• The Dark Side of a Weak Canadian Dollar: Prices for Food, Clothes, Books Shoot Up (Globe & Mail)
• Canadian Dollar Advances amid Rising Oil, Soft American Economic Data (Canadian Press)
