FX Forecasts: We maintain our $/CAD forecasts of 1.10, 1.12 and 1.14 in 3m, 6m and 12m horizon.
Motivation for Our FX View: Over the remainder of 2014, we expect Canada’s growth to lag that of the US as the positive growth impulse from personal consumption diminishes. We expect low inflation and weak exports to keep policy rates low. Core CPI inflation has been persistently at the lower end of the Bank of Canada’s (BoC) 1%-3% target band. The downside risks to inflation have taken a more central role in the Bank’s communication, and it could become a more material issue for the BoC should the recent rise in headline inflation prove to be transitory, as we expect. In addition, the weakness in non-commodity exports has increasingly become a concern for the BoC. Manufacturing exports fell by about 30% during the crisis and have only recovered a small portion of that. Taken together, we see good fundamental reasons for a weaker CAD.

ridmantas [2015-03-18 16:43]:
Gal net ir siandien meskos pasirodys

ridmantas [2015-03-20 22:31]:
Sitas virsta BEARISH ir laukia idomus kontaktas su linija

ridmantas [2015-03-24 15:39]:
pirmas targetas savaites diapazono vidurkis

E&LIVER [2015-03-26 22:35]:
sveikas sugryzes.gal bus kas idomaus vel,vel matau grafikai prasidejo,malonu,nes ta politika jau vemt vercia.SEKMES PREKYBOJA