Canadian dollar rise unlikely to gather more steam
dd
The whopping rebound by the Canadian dollar from a multi-year low this week should not be
misinterpreted as the start of another trek back to parity with the greenback, given the
slew of headwinds it faces.
With persistent volatility in financial markets, many experts are shying away from nailing
down a near-term forecast for the Canadian dollar, but it does appear that most expect it
will remain under pressure and, at best, not stray much higher than it is today.
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