Canadian Dollar Undervalued: Scotiabank
- Category: CAD
CAD tipped to stabilise ahead of potential recovery on medium-term horizon.
The Canadian dollar defends a key line against the pound, and the Bank of Canada will do the same in its midweek policy update.
GBP/CAD likely to fall back to 1.8490.
A big moment in the life cycle of the pound-to-Canadian dollar exchange rate as it reaches a major resistance barrier.
