Mexico edging Canada in neighbourhood rivalry


Financial Times, 5/27/14

Two countries, both linked to the US economically and geographically.

But in a battle between the currencies of Canada and Mexico, it is the peso which many analysts favour.

They are not overly negative the Loonie, per se. As Citi points out, rate cut fears have abated as inflation steadies; the country has “recently shifted to a fiscal surplus, a first since 2008”; net foreign buying of Canadian equities is at cyclical highs.