Scotiabank Market Points
Scotiabank Market Points
Scotiabank Global Banking and Markets
Currency outlook: Expectations for the Canadian dollar
19 minutes Posted May 14, 2020 at 4:00 pm.
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Equity markets stormed back despite very frightening economic numbers. How has the Canadian dollar behaved alongside this market optimism? And with continued fiscal and monetary stimulus, fears of inflation have re-emerged. Meanwhile, incoming Bank of Canada governor, Tiff Macklem, has not ruled out negative interest rates. In this episode of Market Points, Shaun Osborne, Managing Director and Chief Currency Strategist at Scotiabank, shares his expectations for the Canadian dollar and explains why inflationary fears may be overblown.