Shaun Osborne Canadian Quotations

If we were to move back into a deficit situation at the government level, that would quite radically change the outlook for the Canadian dollar, but we don't think that's likely to happen.

There is a strong link between commodities and the Canadian currency. If we see declines in commodities prices, it will put some pressure on the Canadian dollar.

Commodities prices are pretty robust, which supports the Canadian dollar. The Canadian dollar is still looking relatively good.

The bank may start to soft-pedal its need for more rate increases down the road. So the Canadian dollar is coming down.