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    ForexJournal » Economic » CAD: Tariff threat and spreads limit rebound potential – Scotiabank
    Economic

    CAD: Tariff threat and spreads limit rebound potential – Scotiabank

    Author AvatarBy Jack Lawson January 30, 2025 No Comments 6 Mins Read
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    The Canadian Dollar (CAD) is picking up a little support amid the broader decline in the USD into the end of the week but gains remain suitably measured, Scotiabank’s Chief FX Strategist Shaun Osborne notes.

    CAD gains modestly

    “Canada is clearly not off the tariff hook—and next week is likely to see the Bank of Canada cut rates while the Fed sits on its hands, reinforcing punishingly wide yields spreads for the CAD. Oil prices have slipped somewhat, following President Trump’s comments to the Davos/WEF yesterday, and commodity prices more broadly have consolidated over the past week after a

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    Jack Lawson

    Jack Lawson is a seasoned financial strategist with over 20 years of experience navigating the complexities of global markets, specializing in Forex and cryptocurrency. His expertise blends deep analytical skills with a keen understanding of market psychology, making him a trusted voice in the financial community. Jack’s nuanced approach to market trends, combined with his ability to distill complex data into actionable insights, has earned him a reputation for providing invaluable guidance to both seasoned investors and emerging traders. His writing is marked by a sophisticated yet accessible style, reflecting his commitment to empowering others in their financial journey.

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