Loonie, One Of The Big Losers Of 2018, Remains ‘Expensive,’ Experts Say | CBC News

https://www.cbc.ca/news/business/loonie-canadian-dollar-1.4964691It was a rough ride for the loonie in 2018.

The Canadian dollar fell nearly eight per cent against its U.S. counterpart last year — with much of its slide worsening in the fourth quarter — plunging almost six per cent since October.

In fact, the loonie was the second worst performing major currency in the world against the U.S. dollar in the last quarter, just behind another commodity currency, the Norwegian Krone, according to CIBC.

Read full story here: Loonie, One Of The Big Losers Of 2018, Remains ‘Expensive,’ Experts Say | CBC News

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