Canadian dollar’s outlook uncertain amid recession concerns, analysts say
In a report early January, Scotiabank said the Canadian dollar’s outlook for the year is highly contingent on external developments, with commodity prices and valuation potential positives for the dollar.
Michael Greenberg, senior vice-president and portfolio manager at Franklin Templeton Investment Solutions says if the economic downturn provoked by central banks’ policies is harsher than expected or hoped for, that would weaken the loonie.
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