Crédit Agricole CIB says USD/CAD has held near 1.40 over the past week. A
Democratic win in the US midterms and restarted US‑Canada trade talks failed to
lift the Canadian dollar. Preliminary Q3 GDP slowed to 1.3% vs the BOC’s 2%
expectation, leaving the economy weak and keeping downside pressure on CAD.
bank flags October employment as the next market focus: a jobs rebound could
support the currency, but a clear break below the 200‑day moving average around
1.39 would likely require stronger positive catalysts.
