Asset management institutions: political uncertainty depresses the Canadian dollar, but there may be a turning point after the election

On December 20th, Jin10 Data learned that Mark Dowding, CIO of BlueBay Asset Management, a subsidiary of the Royal Bank of Canada, said that political uncertainty should put pressure on the Canadian dollar in the short term, but the election results may help the Canadian dollar recover. It is expected that Pierre Poilievre from the Canadian Conservative Party will become the next prime minister. This may make the attitude of the Trump administration, which was elected as the president of the United States, towards Canada better than it is now. The institution tends to believe that the Canadian dollar will rebound after the general election. However, it is too early to hold a more optimistic view in the short term.