The Canadian dollar has been stuck in a range of 76 to 79 US cents, but it could go higher
A big question on investors’ minds as oil prices soared this year is what happened to the loonie?
The loonie has held its own against other currencies, up 4% this year and 17% over the past six years. It has also outperformed other “commodity currencies.”Article content But they see a 5% upside for the Canadian dollar — though they add the next few months will be key to determining how much of that gap can be closed.
But Canada also has advantages, namely a more robust job market, a mortgage stress test and consumers with higher savings.
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