The Canadian dollar will strengthen against its U.S. counterpart over the coming...
TORONTO - The Canadian dollar will strengthen against its U.S. counterpart over the coming year, recouping ground lost since July, as Canada’s economy stays strong enough to withstand global trade uncertainty, a Reuters poll predicted.
Canada runs a current account deficit and exports many commodities, including oil, so its economy could be hurt by an escalation of trade tensions. The central bank left its benchmark interest rate on hold at 1.75% last month and made clear it had no intention of cutting interest rates.
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