The Canadian dollar: Short-term influences and long-term value

INSIGHTS


19 minutes, 47 seconds to listen by  PH&N Institutional team, H.Hopwood, CFAD.Mitchell, CFA Oct 23, 2024

In this episode, Haley Hopwood, Institutional Portfolio Manager, and Dan Mitchell, Managing Director and Senior Portfolio Manager on the RBC Global Fixed Income and Currencies team, dive into the current currency landscape with a focus on the Canadian dollar. They explore recent market movements – or the lack of thereof – and examine near-term factors influencing the currency and offer insights into its long-term fair value.

Topics addressed include:

  • Canadian dollar overview – a period of unusual calm

  • Central bank rate cuts and the impact on the Canadian dollar

  • Correlation between oil prices and currency markets

  • U.S. presidential election and potential impacts on currency markets

  • Perspectives on where CAD settles versus the USD over the medium and long term

This podcast episode was recorded on October 18, 2024.

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    Listen time: 19 minutes, 47 seconds

    Featured speaker:

    Dan Mitchell, Managing Director and Senior Portfolio Manager, RBC Global Fixed Income and Currencies, RBC Global Asset Management Inc.

    Moderated by:

    Haley Hopwood, Institutional Portfolio Manager, PH&N Institutional

    Get the latest insights from RBC Global Asset Management.