Canada’s bond market shows a deep yield curve that could mean a recession. Markets are expecting the BoC to deliver a 25bps rate hike on Wednesday. Canada’s economy showed some resilience after positive jobs and GDP data. Today’s USD/CAD forecast is bearish as the Canadian dollar strengthens ahead of the BoC meeting. The Bank of … Continued
The post USD/CAD Forecast: CAD Yield Inversion Points to Recession appeared first on Forex Crunch.