Fed’s Mester says need to be ‘deliberately patient’ on policy

Bloomberg

Canada Dollar Looks to Extend Outperformance Deeper Into 2021

(Bloomberg) — Already one of the best-performing major currencies this year, Canada’s dollar looks poised to become a market favorite for all of 2021.At the heart of the loonie’s broad gains are demand for the country’s abundant natural resources, attractive yields and proximity to the U.S., where vaccination rollouts and infrastructure spending are seen helping Canada’s biggest export market regain its footing.Against that reflation-trade backdrop and relative calm in equity markets, the Bank of Canada signaled it will slow quantitative easing. That’s fueled the currency’s largest quarterly return in years against two haven counterparts: the yen and Swiss franc. Even versus the dollar, which defied dour forecasts to post its best quarter in a year, the loonie rose more than 1%, and it’s just behind…