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Canadian Dollar: Undervalued near 1.41 against US Dollar – Scotiabank

Scotiabank strategists Shaun Osborne and Eric Theoret note that the Canadian Dollar (CAD) is flat versus the US Dollar (USD) and lagging most G10 peers.

Scotiabank strategists Shaun Osborne and Eric Theoret note that the Canadian Dollar (CAD) is flat versus the US Dollar (USD) and lagging most G10 peers.

They highlight that wider US–Canada yield spreads have weighed on the CAD, but see the move as stretched.

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