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The strongest major currency this year could stall out in 2020
video The Canadian dollar may struggle in 2020 to top its stellar performance from this year. That’s the message from the global head of foreign-exchange strategy at Credit Suisse who expects the tailwinds seen in 2019 to fade. While risk-sensitive currencies like the loonie should perform well if the global economy continues to firm, Shahab Jalinoos believes Bank of Canada policy makers will be quick to try to curtail a significant rise. “The key risk is the BOC itself, which tends to talk more dovishly whenever CAD shows material strength,” Jalinoos said, using the market abbreviation for the Canadian ... (full story)