Canadian Dollar All-Time Lows Forecast
- Category: CAD
The Canadian Dollar is forecast to fall to all-time lows if the U.S. imposes a 25% import tariff on Canadian goods.
The Canadian Dollar rallied amidst signs Donald Trump won't rush into hiking imports on Canadian goods.
GBPCAD will be tested by technical resistance this week. A break above here can occur if Trump hits Canada with import tariffs.
Pound Sterling has entered a downtrend against the Canadian Dollar, but some dip-buying might occur in the coming days as it unwinds oversold conditions.