The Canadian dollar steadied vs. the U.S. dollar Tuesday but is set for its largest monthly decline in nearly two years. Stronger-than-expected Canadian economic growth weakened CAD, while trade uncertainty ahead of the U.S.-Mexico-Canada Agreement renewal deadline adds risk to the outlook.
The Canadian dollar steadied vs. the U.S. dollar Tuesday but is set for its largest monthly decline in nearly two years. Stronger-than-expected Canadian economic growth weakened CAD, while trade uncertainty ahead of the U.S.-Mexico-Canada Agreement renewal deadline adds risk to the outlook.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.15
