CANADA FX DEBT-Canadian dollar rallies, bond yields jump on Ottawa’s spending forecast

CANADA FX DEBT-Canadian dollar rallies, bond yields jump on Ottawa’s spending forecast

July 9, 2020

“Clearly the initial rally was supported by global risk appetite,” said Karl Schamotta, Chief Market Strategist at Cambridge Global Payments. “But it also looks like the larger than expected expansion in spending by the federal government in
Canada helped to drive that further.”

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For further information, please contact Cambridge Global Payments

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