Currency: Unhedged

Currency has clearly become a hot topic over the past few months as the loonie rose materially against the U.S. dollar, bucking a multi-year trend. We visited this topic a number of times recently including reports titled Oil, C$ & Yields and Has the C$ Turned?. In this edition of Ethos, we will revisit our expectations and views on the USD/CAD, how we recently closed our short-term...

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