Loonie could fall by 10% over the next year: TD
May 10th, 2013
The loonie's recent march back to parity with the U.S. dollar is not sustainable, according to TD economists.
A combination of a slowing Canadian economy, an interest rate hike that is still more than a year out, softening commodity prices and a swelling deficit will push the loonie lower over the next year, TD economists Francis Fong and Leslie Preston write in a report to clients
"The rec ...