USD/CAD

Our outlook for 2024 is for a gradual U-shaped recovery composed of seemingly chaotic movements in economic data with turning points in policy rates and earnings growth. Although we're accustomed to defining investment environments in calendar years, 2024 may not fit that approach very well. We expect that there may be a turning point in policy rates and ...

Markets oscillated as monetary policy interest rate hikes appeared to be coming to an end. Long-term yields surged and then retreated on investors’ evolving perceptions of future policy actions.1 After reaching highs in some cases not seen since the run-up to the Great Financial Crisis (GFC), yields declined rapidly in November. Developments in risky asset ...