Loonie Rate Hinges on Fed Cut Size. Forecast as of 18.09.2024

The cooling labor market, falling inflation to the target, and GDP growth twice as slow as the Bank of Canada forecasts leave USDCAD bears no chance. Only the Fed can throw them a lifeline. Let's talk about this topic and make a trading plan.Highlights and key points Unemployment in Canada jumped to 6.6%. Inflation fell to 2% from 8.1% in June 2022. Banks are demanding a 50 bp rate cut from the BoC. The Fed's slow start will allow traders to open long trades on the USDCAD pair with tar