"The Loonie to remain G10’s black sheep," says a new assessment from ING Bank that points to ongoing underperformance by the Canadian Dollar.
The pound has work to do if it wants to reform its uptrend against the Canadian dollar.
There was a definite CAD selloff in the wake of the Bank of Canada policy decision.
CAD's Fate Sealed by Inflation Undershoot
- Category: CAD
It's hard not to see a couple more interest rate cuts from the Bank of Canada after these data.