CAD should continue to outperform - TDS

In view of analysts at TD Securities, CAD should continue to outperform its dollar bloc peers but they are mindful of key upcoming data.

Key Quotes

“Of note, we think GDP later this month will be instrumental in shifting expectations for central bank tightening. For now, October looks most likely in our view and disappointment on growth data will magnify positioning risks - particularly in USDCAD.”