Live Updates > Live Update Details
2025-10-31 19:45:57
[Canada Budget Preview: Fiscal Expansion May Boost the Canadian Dollar] ⑴ The Canadian federal budget, to be released on Tuesday, is expected to provide positive support for the Canadian dollar. ⑵ Monex Europe analysts point out that a policy mix combining fiscal expansion with spending efficiency is likely to be welcomed by the market. ⑶ The budget is expected to include investment in the military and housing sectors, as well as support measures for groups affected by the US-Canada trade dispute. ⑷ At the same time, the government will balance the budget by cutting other expenditures, demonstrating fiscal discipline. ⑸ On Friday, the Canadian dollar's movement was mainly driven by external factors such as the US dollar, oil prices, and the stock market, due to a lack of important domestic economic data in Canada. ⑹ The US dollar is currently up 0.2% against the Canadian dollar at 1.4008 Canadian dollars, as the market awaits the release of budget details. ⑺ Analysts maintain an optimistic outlook on the budget, believing its overall structure is favorable for the Canadian dollar. ⑻ Traders will closely monitor the specific arrangements for the scale and funding sources of fiscal stimulus in the budget.
