January 31, 2025
Globe and Mail: The ‘extreme’ gap in Canadian and U.S. interest rates
“Interest rate developments are unlikely to provide a sufficient offset to the economic hit that could be delivered by a tariff announcement this Saturday, and it remains reasonable to think that the loonie’s trading range could widen substantially in the coming weeks,” said Karl Schamotta, chief market strategist at Inc., a foreign exchange and payments company, in a research note. “The exchange rate will remain under pressure for now.”