C$ to remain weak as Fed, BoC monetary paths set to split: Reuters poll
The battered Canadian dollar will stay weak in the coming months as the Bank of Canada and U.S. Federal Reserve look set to take completely different policy paths, a Reuters poll of currency strategists forecasts. Volatile oil prices mean the commodity-sensitive currency has lost about 14 percent against the greenback since the start of the year. Canada's central bank has cut interest rates twice this year to mitigate the impact of cheaper oil on the economy.
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