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CIBC summarise "the five reasons......>

DOLLAR-CANADA
DOLLAR-CANADA: CIBC summarise "the five reasons why the CAD needs to fall":
1. CAD data is due to underwhelm
2. There's a trade war going on...
3. The Market Does Not Expect the Bank of Canada to Cut
4. Where is the Growth Coming From?
5. Heavy reliance of foreign portfolio flows
CIBC therefore recommend:
- 6-month 25d USD/CAD calls with a strike at 1.3411
- Short CAD/NOK at market, targeting 6.25 with a stop at 6.6350.

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