🎈🇨🇦Canadian Macro Sentiment Slumps to Lowest Since Sept. 2022: Cable FX Macro

• Canada macroeconomic sentiment dipped into negative territory to reach the lowest level since September 2022. The index is recording the worst monthly decline in more than a year

• The development is a divergence from the more resilient U.S. economy. A fall in positive economic surprises could support further upside in USD/CAD, last at 1.3579

• Ahead, risk events lie in the quarterly GDP (Feb. 29), BoC rate decision (Mar. 06), employment report (Mar. 08)