Currency
3 Crucial Factors That Influence The CAD Forecast
Canada is an open economy and is an attractive investment destination for global investors. It is one of the largest trade partners of the US and a commodity based economy. However, Canada has a floating exchange rate policy that exposes foreign investors to many foreign exchange risks. Understanding the factors that affect the CAD rate will help businesses to devise a strong risk management strategy for business, which trade with Canada or have investments in Canada. I have compiled a list of some factors that influence the CAD forecast. Oil Prices Canada has the third largest oil reserves in the [...]