If they stay higher for longer, it could chase out some springtime home buyers and put a fresh chill on the market. Moreover, Canada's broader economy isn't weathering high rates as well as the US Prolonging high rates could lead to a rougher recession or . if Canada cuts and the US keeps rates high -- open up wider rate differentials. That's something that could re calibrate USD/CAD higher and lead to a challenge of the 2023 highs near 1.3874
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.