Quarterly Outlook
Equity outlook: The high cost of global fragmentation for US portfolios
Charu Chanana
Chief Investment Strategist
FX Trader, Loonieviews.net
Summary: USDCAD soared to 1.3519 from 1.3440, despite a surge in WTI oil prices to $64.24/barrel because of another dovish Bank of Canada monetary policy statement in which it underscored its dovish bias by dropping any reference to future rate hikes.