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Loonies


Every other week, we release 5 Minutes for Business, a publication written by Hendrik Brakel, our Senior Director of Economic, Financial and Tax Policy. In these publications, Hendrik briefly describes current issues that affect the Canadian economy and provides insight on what it will mean for Canadians today and the future. In this week’s edition, he looks at how our loonie is performing.

Right now, our loonie is performing well, but as we look ahead, the loonie will hit some turbulence. As the lift from oil prices tapers off, the dollar will be pulled down by slower growth in Canada and rising interest rates in the U.S., which will attract investors away from Canadian securities. This means our loon will flap around, eventually perching at an average of 80 cents in 2015 before improving to 83 cents next year.

Read 5 Minutes for Business.

For more information, please contact Hendrik Brakel.


 

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