It's no secret that the CAD is going to be weak in the coming months. Why? The demand for the Canadian Dollar is linked to the demand for oil. As more countries face a surge in Covid19 cases, scrict lockdowns are in the books in order to slowdown the rise in cases. This implies lower demand for oil is going to fall as more people work from home.
I'll be looking out for EURCAD, USDCAD, CADJPY, CADCHF, & NOK pairs too.
I'll be looking out for EURCAD, USDCAD, CADJPY, CADCHF, & NOK pairs too.
