Canadian dollar outlook improves

This is a U.S. news story, published by financialpost, that relates primarily to Desjardins Group news.

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inflation

financialpost

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Business

Business & Economics

Posthaste: Why these economists think the 'worst is over' for the Canadian dollar

Summary

Nutrition label

74% Informative

Desjardins Group is scrapping its forecast that the loonie would sink to 67.56 cents U.S. this year .

The Federal Reserve is “out-doving” the Bank of Canada .

Recession risks are rising in the United States and the Fed on March 19 said growth was becoming more of a concern.

Narrowing the spread between the interest rates of two central banks would bolster the Canadian dollar.

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VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful