Thursday, October 8, 2015

Could the Loonie Fall to $0.50 Versus the Dollar?

Could the Loonie Fall to $0.50 Versus the Dollar?: "The fall in the loonie's value has been precipitous and largely unexpected. After trading in parity with the dollar from 2010 to 2013, the loonie has been in a gradual free fall since 2014, now trading at only $0.77 to the U.S. dollar. Last week, it hit a decade low of only $0.74 per U.S. dollar.

What are the major causes of this? Should investors fear yet another steep drop in the loonie's value?"



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