dollar has risen relative to the Canadian dollar and vice-versa. stock performance compared to Canada, the U.S. dollars is quite well correlated with relative stock market performance. Over longer cycles, relative currency strength between the Canadian and U.S. The loonie is benefiting from commodity price strength, particularly for oil, and the Bank of Canada’s quick recognition of emerging inflationary pressures, causing it to be more hawkish that the U.S. During that time, the Canadian dollar has strengthened against most world currencies (the Australian dollar being the notable exception). debt load and enormous Fed liquidity while enhanced risk appetites have lessened its desirability as a ‘safe haven’ currency.
dollar weakness amid an ever-expanding U.S.
dollar has weakened against all major world currencies as foreigners have become net sellers of U.S. Dollar – impact on investment strategyĪ relatively unnoticed development during the current equity bull market, which began on March 23, 2020, is the strength of the Canadian dollar, which has risen from 69 cents to 80 cents (16 per cent) against the U.S. FOCUS: North American Mid and Large Cap StocksĬanadian Dollar vs U.S.
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