USD/CAD Forecast: Canadian Election Ahead, Break Below 1.3822 to Extend Downside

  • RBC analysts note that the Canadian dollar's medium-term outlook hinges heavily on the outcome of the upcoming federal election, particularly whether it delivers a majority or minority government. "A majority government should be more CAD-positive vs a minority one being CAD-negative," says Daria Parkhomenko, FX Strategist at RBC Capital.