Conference Call
This month’s 20 minute call is hosted by Camilla Sutton and is now available for replay
Please join us at your convenience – this is a pre-recorded call:
Dial: 905-694-9451
Passcode: 604 54 72#
Presentation is attached
This call discusses the USDCAD OUTLOOK with regards to:
- USDCAD outlook – vulnerable to upside in near-term; but moves towards 1.02 by year-end.
- Fed tapering (and near-term path of USDCAD) – dependent on US nonfarm payrolls and Governor Poloz commentary
- Relative monetary policy – Governor Poloz expected to sympathize with the impact of a strong CAD, but this is priced in
- Growth outlook – US expected to outperform Canada; but Canada to be supported by US housing market and autos
- Cdn housing expected to moderate our base case is not a collapse
- US domestic oil projection is changing the NA energy outlook but so far not to the detriment of Canada
- CAD flows, reserve management and sentiment are all important drivers of USDCAD
If you have any questions, please contact:
Camilla Sutton at (416) 866-5470, camilla.sutton@scotiabank.com
Eric Theoret at (416) 863-7030, eric.theoret@scotiabank.com