BMO Capital Markets maintains a positive long-term forecast for the Canadian currency

The Canadian currency fell slightly from session highs against the backdrop of the output data on retail sales in the United States, which were worse than forecasts. As analysts have noted BMO Capital Markets, Publications of Canada today is not, therefore, the direction of the dollar / Canada will be determined by the overall mood of the market. The Bank believes that in the next few weeks, perhaps months, a pair of U.S. / Canada will keep in the range 1.0650 - 1.1150, but in the longer term, the Canadian dollar will be on the leading positions in relation to the dollar, as well as several other major currencies. At this time, a pair of dollar / Canada is traded at around 1.0833.