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FX Forecasts

No Slump in Sight for the Greenback This Fall

August 31, 2022

Investor risk appetite is expected to remain soft over the next few quarters, which will continue to bolster the US dollar. We’re now forecasting a mild recession for Canada in early 2023 as the housing market correction continues. This should drag the loonie even lower over the next few quarters, with it bottoming out at US$0.73.

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