We recommend buying USD-CAD via 3M forward outright on US-Canada economic divergence
• With the housing-market boom stalling, Canada’s safe-haven status is in question
• CAD has room to close the gap with G10 weakness versus the USD...
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Digital technology is transforming the economy and society. Adoption, not invention, has the most economic impact. Technology can lift developed countries if they embrace change. New technologies offer more opportunities than challenges for emerging markets.
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