Analysts are sticking to their forecasts for a stronger Canadian dollar over the coming year, expecting an improved global economy and less central bank uncertainty that would boost the commodity-linked currency
The reopening of China's economy could fuel demand for commodities produced in abundance by Canada, including oil.grew last month at the fastest pace in more than a decade, data showed on Wednesday.
That point was not lost on the Bank of Canada. It has signaled a pause in its interest rate hiking campaign to assess the impact of its tightening on the economy.stalled in the final three months of 2022 but likely rebounded in January.
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