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RBC Capital Markets: Canada's manufacturing sector to benefit from lower oil prices and C$ depreciation

Quotes from RBC Capital Markets The manufacturing sector is expected to be one of the biggest beneficiaries of lower oil prices and related depreciation in CAD. We expect that to be the case over the long run, but early …

By Peter Frederick
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RBC Capital Markets: Canada's manufacturing sector to benefit from lower oil prices and C$ depreciation
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Quotes from RBC Capital Markets

  • The manufacturing sector is expected to be one of the biggest beneficiaries of lower oil prices and related depreciation in CAD.

  • We expect that to be the case over the long run, but early warning signs suggest that the industry may actually be hurt by the sharp asset price moves initially. 

  • Our expected profile for USD/CAD reflects that, as we look for new highs toward 1.34 in the coming quarters before a gradual pullback into next year.

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