Markets: NAFTA and trade continues to remain in focus – TDS

Markets return from the summer malaise with a number of political and trade issues to digest, most notably NAFTA and US/China trade talks, according to analysts at TD Securities.

Key Quotes

“These events - especially the former - are likely to keep the dollar bloc currencies on their back foot.”

“NAFTA negotiations will likely overshadow the BoC’s rate decision. Though we expect a constructive narrative to emerge, a lot of good news has already been reflected in the CAD price.”

“We expect USDCAD dips to be supported, while CADNOK appears to be the next shoe to drop.”