External broker reports(aggregated public sources), Scotiabank

Scotiabank

External broker reports(aggregated public sources)

Scotiabank’s global foreign exchange strategy team provides in-depth regional insights and macro-economic analysis for G10 and advanced economies, Asia Pacific, and Latin America. Find technical and fundamental strategy reports focused on trade ideas, market risks, and the unfolding macro outlook. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

FX & Rates

<ul><li>President Trump’s comment late Thursday afternoon that the US was ready to slap 25% tariffs on Mexico and Canada all but confirms that tariffs are coming soon, absent someone finding an 11th hour off-ramp.</li><li>Markets have reacted with a degree of calm, however. This is likely because a huge amount of uncertainty still hangs over the tariff threat.</li><li>Will tariffs be universal or sector based? Immediate or imposed at some point in the future or phased in over time? </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

President Trump’s comment late Thursday afternoon that the US was ready to slap 25% tariffs on Mexico and Canada all but confirms that tariffs are coming soon, absent someone finding an 11th hour off-ramp.Markets have reacted with a degree of calm, however. This is likely because a huge amount of uncertainty still hangs over the tariff threat.Will tariffs be universal or sector based? Immediate or imposed at some point in the future or phased in over time? Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

CAD Weekly Outlook - CAD Weaker on Looming Tariff Threat

<ul><li>The CAD is ending the week with a small net gain versus a generally strong USD, outperforming is core G10 and most of its commodity peers.</li><li>The CAD was also one of the least volatile major currencies this week as the USD pivoted narrowly around 1.44.</li><li>The USD popped higher on the back of stronger than forecast jobs data but the CAD remained resilient, making marginal gains on solid-looking Canadian employment report for December</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The CAD is ending the week with a small net gain versus a generally strong USD, outperforming is core G10 and most of its commodity peers.The CAD was also one of the least volatile major currencies this week as the USD pivoted narrowly around 1.44.The USD popped higher on the back of stronger than forecast jobs data but the CAD remained resilient, making marginal gains on solid-looking Canadian employment report for DecemberContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

CAD Weekly Outlook - CAD Steady as Uncertainty Mounts

<ul><li>Our recently updated forecasts reflected a sharp U-turn in our views on the USD following the outcome of the US presidential election.</li><li>President-elect Trump’s plans to pursue deregulation, tax cuts and tariffs implied more upside potential in the US economy, higher for longer US rates and a strong for longer USD.</li><li>We adjusted our FX forecasts significantly in response and call for USDCAD reach 1.45 in H2 2025 and hold there through the end of the year. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Our recently updated forecasts reflected a sharp U-turn in our views on the USD following the outcome of the US presidential election.President-elect Trump’s plans to pursue deregulation, tax cuts and tariffs implied more upside potential in the US economy, higher for longer US rates and a strong for longer USD.We adjusted our FX forecasts significantly in response and call for USDCAD reach 1.45 in H2 2025 and hold there through the end of the year. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

FX Snapshot - CAD Ruffled by Political Uncertainty

<ul><li>A larger-than-forecast rise in the Canadian unemployment rate to 6.8% in November, leaves the CAD trading defensively into the end of the week.</li><li>The US employment data largely met expectations, supporting the outlook for a 1/4-point cut from the Fed later this month but the odds of a 1/2-point move from the Bank of Canada next week have strengthened.</li><li>Swaps now indicate 44bps of anticipated easing Wednesday.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

A larger-than-forecast rise in the Canadian unemployment rate to 6.8% in November, leaves the CAD trading defensively into the end of the week.The US employment data largely met expectations, supporting the outlook for a 1/4-point cut from the Fed later this month but the odds of a 1/2-point move from the Bank of Canada next week have strengthened.Swaps now indicate 44bps of anticipated easing Wednesday.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

CAD Weekly Outlook - CAD Prone to More Losses, Limited Scope for Rebounds

<ul><li>The aggregate USD short widened modestly in the week ended September 23, with a $0.8bn w/w build to $8.6bn.</li><li>This was the third consecutive week of deterioration in aggregate USD positioning, suggesting a renewed appetite for bearish USD bets following a period of short covering that was observed through much of July and August.</li><li>Adjustments among the reporting currencies were mixed, with a sizeable increase in the JPY long and short covering in CHF and GBP. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The aggregate USD short widened modestly in the week ended September 23, with a $0.8bn w/w build to $8.6bn.This was the third consecutive week of deterioration in aggregate USD positioning, suggesting a renewed appetite for bearish USD bets following a period of short covering that was observed through much of July and August.Adjustments among the reporting currencies were mixed, with a sizeable increase in the JPY long and short covering in CHF and GBP. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

CFTC Weekly Sentiment Report - JPY Net Long Sees Sizeable Build , Likely Driven By Hawkish BoJ

Canada

The Canadian dollar is the official currency of Canada. 

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

CAD (USDCAD CURNCY)

CAD Weekly Outlook - CAD Weaker on Looming Tariff Threat

President Trump’s comment late Thursday afternoon that the US was ready to slap 25% tariffs on Mexico and Canada all but confirms that tariffs are...

Scotiabank

CAD Weekly Outlook - CAD Steady as Uncertainty Mounts

The CAD is ending the week with a small net gain versus a generally strong USD, outperforming is core G10 and most of its commodity peers.

Scotiabank

FX Snapshot - CAD Ruffled by Political Uncertainty

Our recently updated forecasts reflected a sharp U-turn in our views on the USD following the outcome of the US presidential election.

Scotiabank

CAD Weekly Outlook - CAD Prone to More Losses, Limited Scope for Rebounds

A larger-than-forecast rise in the Canadian unemployment rate to 6.8% in November, leaves the CAD trading defensively into the end of the week.

Scotiabank

CFTC Weekly Sentiment Report - JPY Net Long Sees Sizeable Build , Likely Driven By Hawkish BoJ

The aggregate USD short widened modestly in the week ended September 23, with a $0.8bn w/w build to $8.6bn. This was the third consecutive week of...

Scotiabank

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)