- ..especially if productivity does not improve
- Renewed tensions in FX markets could boost upward pressure on floating currencies
- A cheap currency is not a business strategy
- A risky business model to assume CAD to fall, boosting competitiveness
The BOC has been trying to talk down the Loonie in recent session with modest results. The loonie weakened late last week and yesterday but has been caught up in today’s USD weakness…
Oil selling has been seen since rumors that Mubarak will leave office later this year began to make the rounds. It is down $1.50 on the day, at $90.65. That may weaken the Loonie a bit.
