Top 5 Trades for 2014

No. 3: US Dollar Against The Canadian Dollar – Go Long

Top trades for 2014

The trade: Go long on the USD-CAD (US dollar – Canadian dollar exchange rate)

Goldman predicts that the US economy will outperform and surpass the Canadian economy in the following year. This view is based on the fact that Canada has recently lost a major source of funding for its account deficit (currently about 3 percent of the country’s GDP). In addition, the Bank of Canada is the only central bank presumed to perform above average in 2014, making this trade No. 3 on our list of top trades for 2014