The Canadian dollar is now at its lowest point since the peak of the COVID-19 pandemic, and analysts predict it could fall below 70 cents US in the coming months. Andrew Chang explains why the dollar’s value has fallen so much and the impact it could have on everything from travel plans to interest rates to everyday purchases. Here is a direct video link.
USDCAD technical update from my partner Cory Venable: a pullback would not be surprising, but after 2.5 years in a box, USDCAD (below since 2015) breaks out toward our $1.44 target area (green band).
ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
November 25, 2024 | About That: Why is the Loonie So Low?
Danielle Park
Portfolio Manager and President of Venable Park Investment Counsel (www.venablepark.com) Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog: www.jugglingdynamite.com
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Danielle Park November 25th, 2024
Posted In: Juggling Dynamite
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