fxstreet.com 08 Feb, 2021 08:15 am

BoC's QE tapering in spring to support the Canadian dollar – NBF

BoC's QE tapering in spring to support the Canadian dollar – NBF
Economists at the National Bank of Canada still see the CAD weakening modestly through March before rallying in Q2 on the back of QE tapering by the B

GDP might disappoint in the coming months as a result of recent government-ordered shutdowns and short-term disruption of vaccine availability.Concern for financial stability would argue for QE tapering in the coming months (April or May), provided of course that the global economy continues to recover.Economists at the National Bank of Canada still see the CAD weakening modestly through March before rallying in Q2 on the back of QE tapering by the Bank of Canada and stronger commodity prices.FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.

It also does not guarantee that this information is of a timely nature.” “We find it hard to justify the Bank’s current pace of quantitative easing.

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