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 recent strength in the CAD has been notable and we’ve been encouraged by the CAD bullish break of the trading range that had been in place since late last year.</li><li>We adjusted our CAD forecasts lower (weaker) in response to the initial tariff news.</li><li>But we have been somewhat reluctantly bearish on the CAD, owing to extended policy rate differentials and fundamental (purchasing power parity) valuations that looked stretched from a historical perspective. </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 recent strength in the CAD has been notable and we’ve been encouraged by the CAD bullish break of the trading range that had been in place since late last year.We adjusted our CAD forecasts lower (weaker) in response to the initial tariff news.But we have been somewhat reluctantly bearish on the CAD, owing to extended policy rate differentials and fundamental (purchasing power parity) valuations that looked stretched from a historical perspective. 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.

FX Snapshot - Shifting Views Suggest a New (Lower) Trading Range for USDCAD