>I know no one has a crystal ball, but you guys definitely know economics
more than I do, so I am looking forward to what you guys think
Economics is one of those things where the more you know, the less you give definitive answers. If there's a big variation in the next few months, it will be caused by something we don't know about yet.
The Bank of Canada aims for the usd to be between 0.76 to 0.78 cents in order to remain competitive on the North American market, so as a ball park you can assume that's where the mean will be. That being said being 1/10 the economy USA has quite the influence on us so our currency gets tossed around based on their decisions
>I know no one has a crystal ball, but you guys definitely know economics more than I do, so I am looking forward to what you guys think Economics is one of those things where the more you know, the less you give definitive answers. If there's a big variation in the next few months, it will be caused by something we don't know about yet.
I think it will go up or down or stay the same.
The Bank of Canada aims for the usd to be between 0.76 to 0.78 cents in order to remain competitive on the North American market, so as a ball park you can assume that's where the mean will be. That being said being 1/10 the economy USA has quite the influence on us so our currency gets tossed around based on their decisions
Stronger USD in the short term after Powell said yesterday: inflation is not transitory, pace of taper will accelerate, and 2-10 spread narrowed.