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via fxstreet.comEconomy

Canadian Dollar: CPI weighs on outlook against US Dollar

FROM THE WIRE · FXSTREET.COM

TD Securities strategists see limited scope for a sustained Canadian Dollar (CAD) rally after softer-than-expected September inflation data, despite hawkish signals from the Bank of Canada (BoC). They expect the next BoC rate hike in Q1 2027 and favour fading CAD strength…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishSofter-than-expected CPI limits CAD rally despite hawkish Bank of Canada signals.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01September inflation came in softer than expected.
  2. 02TD Securities expects the next BoC rate hike in Q1 2027.
  3. 03TD favours fading CAD strength through CAD/MXN.

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