As an exporting nation, Canada has a history of relying on a low currency. Unless you have been hiding under a rock for the past four years, the Canadian dollar no longer enjoys this low value luxury. Many producers who export are very concerned about the value of the Canadian dollar and some of the analysts predictions of a longer term par US / Canadian dollar.
Matthew Strauss is a Senior Currency Strategist with RBC Capital Markets and I discussed with him his 6 month outlook for the Canadian Dollar and what we can expect. Are we headed to $1.15 or back to $0.90? We also talk a little bit about inflation in Canada and deflation in the US.
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