Spring Economic Update 2011

  • 17 May 2011
  • 12:00 PM - 1:30 PM
  • Sutton Place Hotel – Vintage Room, 10235 101 Street, Edmonton

Registration


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AFPC Edmonton is pleased to feature David Watt, Senior Currency Strategist and George Davis, Chief Technical Analyst from RBC Capital Markets.

 

Canada is an enviable position undefined A solid economic recovery, federal fiscal finances that are on pace to return to surplus in a reasonable period of time, and a central bank that continues to have a deep well of credibility. These factors all provide underlying support to the Canadian dollar, particularly amid periods of turbulence. Granted there are downside risks to the global economic outlook in the short-term, which could weigh on commodity prices and the Canadian dollar, but flight risk is minimal. In fact, “flight risk” could become a threat the other way (Canadian dollar strength), as investors grow increasingly wary elsewhere and seek to hold more of a currency with solid fundamentals and, one that will benefit from future commodity price strength. However, to truly capitalize on possible future developments,

Canada desperately needs to spark a productivity “miracle.” Join RBC for an up-to-date discussion of these issues, likely outcomes and the significance of these and other developments.

 

David Watt joined the RBC team in January 2007, and has 17 years of professional experience. He contributes to the daily Focus publication, is the author of the weekly Canadian Dollar Pulse and contributes to the monthly Currency Report Card. George Davis specializes in the Canadian dollar and technical analysis of FX, interest rate and commodity markets. Prior to this, George was a Senior Dealer and Vice President on the spot Canadian dollar and forward foreign exchange desks in Toronto and a foreign exchange Dealer in

Montreal .

 

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