Home News Bank of Canada will reintroduce Loonie. Forecast as of 25.01.2023

Bank of Canada will reintroduce Loonie. Forecast as of 25.01.2023

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The Bank of Canada will end its monetary tightening cycle. This puts the USDCAD in jeopardy despite the rising oil price. Is it better to sell the loonie than major currencies? Let’s talk about the market outlook and create a trading strategy.

Fundamental forecast for the Canadian dollar monthly

The world’s central bankers have followed a long-standing trend of tightening their monetary policy. Now it is time to stop. The problem is that markets can interpret a sudden pause as a sign of weakness. It suggests victory over inflation. However, it may return. The easing of financial conditions… Read full author’s opinion and review in blog of #LiteFinance



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