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The Canadian dollar has come a long way in the past year and its trajectory places it among the strongest currencies of 2021. It has been trading above 81 cents relative to the greenback for seven days in a row, and currency analysts say it could climb further in coming months.The loonie had plunged to 70 cents US at the onset of the pandemic, when...
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admin April 30, 2021
Economists say the Canadian dollar is at a ‘sweet-spot’ after rising for seven straight days to top 81 cents US, a point where it benefits consumers but doesn’t hurt businesses too much. The loonie traded for 81.34 cents US Thursday, the highest level since February 2018. It’s been above 80 cents US since last week.Colin Cieszynski, chief market st...
August 2, 2021