CIBC Economics With Monthly FX Outlook; On CAD

Important legal information about the email you will be sending. By using this service, you agree to input your real email address and only send it to people you know. It is a violation of law in some jurisdictions to falsely identify yourself in an email. All information you provide will be used by Fidelity solely for the purpose of sending the email on your behalf. The subject line of the email you send will be "Fidelity.com: "

CIBC Economics With Monthly FX Outlook; On CAD

, MT Newswires - 2:25 PM ET 3/21/2025 default

02:25 PM EDT, 03/21/2025 (MT Newswires) -- CIBC said Friday that for USD-CAD its forecasts are largely tied to highly uncertain tariff outcomes. CIBC's expectation is that tariffs are reapplied in April and this will have the Bank of Canada easing faster than priced and USD-CAD getting back briefly to the 1.46 level. Moving beyond Q2, CIBC said the outlook for USD-CAD will depend on ongoing trade negotiations with the US. But the bank said its base case is that 25% tariffs get rolled back, and the rate spreads increasingly favour CAD. As a result CIBC sees a selloff in USD-CAD towards 1.42 by Q4 2025.

Price: 81.32, Change: +0.21, Percent Change: +0.26

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.