rjl
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The loonie dipped under the 70-cent (U.S.) level, touching as low as 69.9 cents, having rallied earlier to as high as 70.5 cents.
The currency has been largely hit by oil prices, the domestic economic outlook and the different timelines for interest rates in Canada and the United States.
The loonie is now at its lowest level since the spring of 2003. And it’s expected to go lower still before climbing again later this year, based on current forecasts for oil prices. Of course, analysts are now trimming those projections, as well.
The currency has been largely hit by oil prices, the domestic economic outlook and the different timelines for interest rates in Canada and the United States.
The loonie is now at its lowest level since the spring of 2003. And it’s expected to go lower still before climbing again later this year, based on current forecasts for oil prices. Of course, analysts are now trimming those projections, as well.
