Canadian dollar -- taking it on the chin
MARKET VOICE
The Canadian dollar has had a rough ride in the FX markets recently, but an upturn may be on the cards says Andrew Spence, global head of currency and credit market research at TD Securities in Toronto
The Canadian dollar hit a new low of 61.85 US cents or US$/C$ 1.6168 on January 18. And, while the currency has recovered its poise, it is not out of the woods yet.
The latest push down in the C$ was traced to concerns that Canada’s growth pulse will be faint compared to that in the US. This drew a
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