Even with a resilient, if not strong, Canadian economy, the loonie has failed to gain momentum this year — losing more than four per cent against the U.S. dollar — as trade uncertainty ate away at its “fundamental” value.
But that could all change if a trade deal is struck between Canada and the U.S. soon, according to James Orlando, senior economist at TD Economics. He’s calling for the Canadian dollar to jump to as much as 82 cents US in the near term if trade talks between the two countries are successful.
That’s a nearly seven per cent increase from the 76 cent US range that the loonie is trading at right now.
Read full story here: Loonie Could Jump Up To 82 Cents US If Trade Talks Are Successful, Says Economist | CBC News
