Friday Jan 27, 2023
Update on the Canadian dollar
The Canadian dollar’s value compared to the U.S dollar is quite cyclical, but there are a couple of reasons why it can rise or fall in the short run, says IG Wealth Management’s Chief Investment Strategist, Philip Petursson. This week, he explains how the price of oil and the difference in Canadian and U.S. interest rates are likely to keep the loonie lower than was anticipated six months ago.
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