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Toward an $0.85 Loonie

January 23, 2014

The Canadian dollar has tumbled in recent days to below $0.90. In fact, all commodity exporting currencies have weakened in the past year.

The reasons for a weak $Cdn can be enumerated:

The lower Loonie should be beneficial for tourism in the north.




The Loonie is heading for $0.85. This is good for tourism which is growing strongly in all three territories.



Source: Soberlook.com