Canadian Dollar Rallies on Oil, Stimulus

  • 4 May 2016
  • By Erik Norland
  • Topics: FX

The Canadian dollar has been on an upswing, bolstered by a recovery in oil prices from multi-year lows and fresh stimulus measures from the newly-elected Trudeau government. The outcome of the stimulus plan will determine if the loonie stays on the path to further gains.

About the Presenter

Erik Norland is Executive Director and Senior Economist of CME Group. He is responsible for generating economic analysis on global financial markets by identifying emerging trends, evaluating economic factors and forecasting their impact on CME Group and the company’s business strategy, and upon those who trade in its various markets. He is also one of CME Group’s spokespeople on global economic, financial and geopolitical conditions.

View more reports from Erik Norland, Executive Director and Senior Economist of CME Group.