External broker reports(aggregated public sources), Scotiabank

Scotiabank

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.

External broker reports(aggregated public sources)

FX & Rates

<ul><li>The CAD is ending the week with a minor 0.2% gain, having faded the bulk of its early strength in the aftermath of Wednesday’s dual Fed/BoC decisions.</li><li>Communication from both central banks was cautiously dovish, with Fed Chair Powell Characterizing the 25bpt cut as a ‘risk management’ adjustment.</li><li>For Canada, Gov. Macklem was evasive in terms of his outlook and offered no guidance on rates as he acknowledged Canada’s troubling economic situation and a worrisome lack of solutions to the country’s long-term challenges. </li></ul><p><em>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.</em></p>

The CAD is ending the week with a minor 0.2% gain, having faded the bulk of its early strength in the aftermath of Wednesday’s dual Fed/BoC decisions.Communication from both central banks was cautiously dovish, with Fed Chair Powell Characterizing the 25bpt cut as a ‘risk management’ adjustment.For Canada, Gov. Macklem was evasive in terms of his outlook and offered no guidance on rates as he acknowledged Canada’s troubling economic situation and a worrisome lack of solutions to the country’s long-term challenges. 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 - CAD Takes A Bearish U-Turn On BoC/Fed