How low Canadian dollars will go?

[sp2020]

Hi, thank you for your reply. How low it would be to the USD? I heard it could drop around 0.68-065 range but that is the bottom low. What is your thought, thank.

 

[Chubbly]

I would say follow oil and you will get a good correlation with CAD. If oil goes to $30 look at CAD going to .65 or if oil goes back up to 70-90$ look for CAD going back up to .85-.90

Oil will lead the CAD

 

[Chubbly]

Next CAD interest rate announcement is Sept 9 I believe. I think another cut is high probability

 

[makers mind]

With the victory of Justin Trudeau, Canada’s investors will have to contend with a new economic direction for Canada under Justin Trudeau and his Liberal party, but economists say they expect markets to welcome the stability that comes with a majority mandate. I think things might be going in the right direction.