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>The CAD has outperformed most of its major currency peers this week but that is reflecting its tendency to trade more or less in line with the broader USD tone at the moment.</li>
<li>USDCAD is little changed on the week overall, with the CAD pacing USD gains on the major crosses.</li>
<li>The data run in Canada this week reflected softer than expected June CPI and May Retail Sales activity; early estimates for June Retail Sales were flat. </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>


The CAD has outperformed most of its major currency peers this week but that is reflecting its tendency to trade more or less in line with the broader USD tone at the moment.
USDCAD is little changed on the week overall, with the CAD pacing USD gains on the major crosses.
The data run in Canada this week reflected softer than expected June CPI and May Retail Sales activity; early estimates for June Retail Sales were flat. 

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 Slips into Range versus USD