TD Securities with a controversial position:

• “We don’t think local politics drives CAD too much.”

Sheesh … the CAD spike was pretty clearly tied to the news of Trudeau resigning.

In any case. More. TD says he remains bearish on CAD, despite Trudeau leaving office:

• “For the CAD to benefit from any change in leadership, there needs to be a strong pivot… favoring a more pro-business government”
• “There is no clear path here”
• Monday’s CAD strength likely had more to do with markets reassessing risks related to the incoming Trump administration’s tariff policies

This article was written by Eamonn Sheridan at www.forexlive.com.



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