Market expectations are for the Bank of Canada to wait until May before raising rates again although, after Friday's inflation figures, this could soon change.
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USD/CAD has fallen below 1.2400 amid perceived optimism over the NAFTA negotiations. Below, analysts give their latest views on the talks and what may be in store for the Canadian Dollar.
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With the Bank of Canada now fading in importance for CAD, NAFTA negotiations are back in focus and look set to keep the currency on its toes.
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The short-term uptrend is likely to reach the December 1 highs eventually.
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It's a hike. Analysts give their views below on what Wednesday's interest rate rise might mean for the Canadian Dollar going forward.
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Analysts are unanimous: the BoC will raise rates Wednesday. But...it could struggle to live up to market expectations, which is bad news for the Canadian Dollar.
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The Bank of Canada will this week meet to decide whether to increase interest rates and may help provide some much-needed clarity on the future direction of the GBP/CAD exchange rate.
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