Societe Generale Says Canadian Dollar Has Limited Upside
Societe Generale's Kit Juckes says the Canadian dollar has limited scope to rise against the U.S. dollar as U.S. growth is expected to outpace Canada's. The IMF projects growth of 1.7% in Canada and 2.3% in the U.S. next year.
The Canadian dollar has limited scope to rise further against the U.S. dollar as the U.S. economy is expected to continue outperforming Canada, Societe Generale's Kit Juckes says in a note. The International Monetary Fund expects 1.7% economic growth in Canada next year compared to 2.3% for the U.S…