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>A larger-than-forecast rise in the Canadian unemployment rate to 6.8% in November, leaves the CAD trading defensively into the end of the week.</li><li>The US employment data largely met expectations, supporting the outlook for a 1/4-point cut from the Fed later this month but the odds of a 1/2-point move from the Bank of Canada next week have strengthened.</li><li>Swaps now indicate 44bps of anticipated easing Wednesday.</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>

A larger-than-forecast rise in the Canadian unemployment rate to 6.8% in November, leaves the CAD trading defensively into the end of the week.The US employment data largely met expectations, supporting the outlook for a 1/4-point cut from the Fed later this month but the odds of a 1/2-point move from the Bank of Canada next week have strengthened.Swaps now indicate 44bps of anticipated easing Wednesday.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 Outlook - CAD Prone to More Losses, Limited Scope for Rebounds