Canada’s biggest bank sees the economy growing 2.4% next year, above the 2.0% consensus and 2.2% BOC forecast. They expect USD/CAD to fall near 0.95 next year.
They see a pickup in worldwide growth as the key catalyst:
The other engines of growth, Wright said, will be business investment — which has been a strength for the past year or so — and consumers. But housing is weakening and the bank sees little contribution from government spending.
