NY Open: Oil price collapse sinks Loonie
The Canadian dollar is taking the honours for being the worst performing G-10 major currency against the US dollar since yesterday’s New York close and for the week, as well.
Head of Macro Analysis
Summary: Since last May, when the trade war with the US intensified, China has shifted towards looser monetary policy and stimulus efforts. So far the biggest impact of easing is that it has contributed to boosting the credit impulse – a key driver of economic growth – back into positive territory.