The Canadian dollar is likely to become the best performing G10 currency of the year
While investors are focused on the British pound, the Canadian dollar is still the favorite to win the Oscar for the best supporting role. The CAD has strengthened its positions in the race for the G10 best performing currency due to positive economic data, increased global risk appetite and the victory of Justin Trudeau’s Liberal Party in the parliamentary elections. Liberals have lost the majority, however, the coalition with the New Democratic Party will allow them to control the situation. Although TD Securities suggests that…
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