OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex Flash: Can the US lift Canadian growth? - Nomura

FXstreet.com (Barcelona) - Nomura economist Charles S-Arnaud wonders whether the US can lift Canadian growth.

He begins by commenting that a lot of hope is being place on a revival of Canadian exports to support economic growth this year and next year, driven by an acceleration in US economic growth over that period. However, he adds that declining trade links with the US and dismal competitiveness likely means that the elasticity of Canadian exports to US growth has likely declined over the past decade. On that note, he writes, “it is interesting to point out that exports volume to the US peaked in 2005, well before the recession. As a result, we think that the contribution to Canadian growth from exports will likely be weaker than some expect and that growth for 2013 is unlikely to be much higher than potential.”

Forex Flash: Upside Down Under - BBH

Brown Brothers Harriman analysts note that this week's action continues to be dominated by the Antipodeans.
Read more Previous

Forex Flash: South Korea surprised with a 25 bp rate cut to 2.5% - BBH

Brown Brothers Harriman analysts note that South Korea surprised with a 25 bp rate cut to 2.5% overnight.
Read more Next
Start livechat