1710 ET - TD Securities says it remains bearish on the Canadian dollar, even with the pending departure of PM Justin Trudeau from office. "For CAD to benefit from any change in leadership, there needs to be a strong pivot... favoring a more pro-business government," the firm says. "There is no clear path here." TD adds CAD strengthened Monday but that likely had more to do with markets reassessing risks about the incoming Trump administration's tariff policy. "We don't think that local politics are driving CAD all too much." (paul.vieira@wsj.com, @paulvieira)
(END) Dow Jones Newswires
January 06, 2025 17:10 ET (22:10 GMT)
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