RBC Capital Markets appreciated the prospects of Canadian currency

As noted by foreign exchange analyst RBC Capital Markets, by the beginning of the second quarter of the Canadian dollar has a leading position among the ten major currencies to rise by 3.7% against the U.S. dollar and almost 10% against the euro and British pound. Moreover, the Canadian dollar will likely still retain primacy view of the approaching date will the first interest rate increase by the Bank of Canada. Later this year, as growth expectations of the Fed raising interest rates and a corresponding strengthening of the U.S. dollar, the currency of Canada will lose its leadership position. However, the privileged position the Canadian dollar against the euro and the pound will continue.