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dollar continues to face pressure and has been falling against most of the world's currencies as the American economy remains sluggish. Federal Reserve officials that suggest Womens Air Max Torch 4
Three years ago, the loonie flew as Nike Air Max Street Style high $1.10 US, a new record, before diving to less rarefied air.
Dollar's aggressive assault on parity raises question of how high could it go
One likely byproduct of the loonie's strength is interest rate policy, say analysts.
A loonie above par exacerbates export weakness, since it makes Canadian products more expensive in foreign markets.
"The questions are what it will look like, how broad will it be and how will it be implemented," she explained.
Sutton won't go that far, but doesn't discount the possibility either.
week, former RBC analyst Patricia Croft predicted the Canadian dollar could rise all the way to US$1.15 in the next year, albeit it likely won't stay there for long.
the American central bank, which already has a zero interest policy rate, to further ease conditions through buying treasuries so called quantitative easing. recovery and want to provide Mens Nike Air Max 2016
A rising Canadian dollar will make Canadian exports of everything from auto parts, furniture, newsprint and lumber more expensive to American customers. But it will also cut the costs of Florida oranges, machinery and other imported goods reducing inflation and making it cheaper for industrial Canada to buy new technology from the United States.
Ironically, while Canadians are fixated on the loonie's ascent, it really has not done that well compared to other world currencies. dollar, the Australian dollar is up about 23 per cent, the euro 17 per cent, and the Japanese yen 12. In comparison, Canada has gained a mere six per cent, analysts note.
The key reason, he said, is that markets believe the Canadian economy will be dragged down by American weakness, since three quarter of exports head south of the border.
more cash to help jumpstart stronger growth.
For Canadians planning vacations this winter, a rising loonie will lower trips to sunny destinations in Arizona, Florida and California.
The loonie is also propped up by strong commodity prices, which help energy, mining and agricultural industries, primarily in Western Canada.
The Bank of Canada has taken its policy rate from 0.25 per cent in June to one per cent in September, but economists are now nearly unanimous that governor Mark Carney will take a pause at the next meeting date next week, in part to keep the loonie from appreciating further.
The markets have already priced in some kind of quantitative easing announcement on Nov. currency.
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