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USD/CAD Forecast: CAD Yield Inversion Points to Recession

Started by forex4you, Dec 05, 2022, 12:42 pm

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Dec 05, 2022, 12:42 pm
USD/CAD Forecast: CAD Yield Inversion Points to Recession

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


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