Canadian dollar declining to 1.40 range??

May 28, 2018 | Jeremy Goldfarb


I have felt over the past year+ that the Canadian dollar was getting a little too much due. Looking at the ticker today, we are nudging the 1.30 mark, and aside from a brief spike in March, these levels have not really been tested since the Canadian dollar steamed full ahead (all the way down to 1.21 back in June 2017 -- and at a very rapid rate mind you). Currency management is difficult at the best of times, and some may argue that it is a fruitless and expensive exercise. I would argue that it can be a significant contributor from time to time so ignoring it completely is an equally fruitless exercise.


In the link below, a CIBC report looks at some of the known, and lesser known issues in the Canadian economy and how said issues might lead to a markedly weaker dollar. Politics aside, Canadians just can't seem to get out of their own way when it comes to enduring success economically. Have a look here.