Reasons to Believe in Better Canadian Dollar Fortunes: FX Moment

Description

There’s a case to argue that peak US tariff headlines negativity is behind for Canada, which could mean an improved outlook for the country’s currency. In this episode of FX Moment, Bloomberg Intelligence’s Chief G10 FX Strategist Audrey Childe-Freeman talks to Jeremy Stretch, chief international strategist at CIBC World Markets, to unpack the latest on Canada’s economic and political landscape. The Bank of Canada will probably end up being more dovish than expected in 2025, but it isn’t alone and, combined with more expansionary — yet credible fiscal dynamics — under Mark Carney’s leadership, that should all help the growth narrative and the currency. They also explore the Canadian dollar’s growing appeal as global reserve strategies shift in a world of de-dollarization.