The Canadian dollar is stable against the US dollar, aided by optimism surrounding upcoming US-Russia diplomatic talks and a dip in US retail sales, indicating a potential Federal Reserve rate cut. This environment supports risk-on sentiment for the Canadian currency. However, domestic housing market data is mixed; while housing starts rose by 3% in January, there was a 2.5% drop in the six-month trend. Projections of a housing market slowdown from 2025 to 2027 could pose risks to long-term economic growth and the Canadian dollar's future.
The Canadian dollar remains stable against the US dollar, supported by optimism over US-Russia talks and a decline in US retail sales influencing rate cut expectations.
Housing market shows mixed signals, with a 3% rise in January housing starts but a 2.5% dip in the six-month trend raising concerns about sustainability.
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