There are three main reasons why Canadians will have to get used to a weaker, range-bound loonie for some time
. Those days of traveling south and having our dollar on par seem like a distant memory, and will only get more distant in the years to come as three key factors continue to influence our currency.A minority government plagued by never-ending scandals does little to instil confidence in foreign investors and our dollar.
Fast forward a year and you have the same government facing serious allegations about being under the influence of the Chinese government. This is likely going to get worse before it gets better, since this rabbit hole goes so deep that Trudeau’s foundation recently decided toWe think rising interest rates will have a much greater impact on Canadians than our American cousins.
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