If Fidelity Investments’ portfolio manager David Wolf is right, pretty low. “The currency is likely to get weaker and it needs to – to rebalance the economy,” said Wolf in a recent interview with Bloomberg. Wolf is predicting the Canadian dollar could drop to $0.62 “amid a slowing [Canadian] economy.” For comparison, the long forecast […]
By: Jim Pettinger In his weekly commentary, Peter G. Hall, Vice President and Chief Economist of Export Development Canada (EDC), suggests that the USA is “hot”, and “indicators suggest there is still a lot of runway”. Further, he points out that not all states are equal. Some present even more opportunity than others. For more […]
This Global BC News Report (Video 2:08 min) shines a spotlight on one Vancouver, BC retailer (Moojoes) who, in the face of rising costs related to a falling Canadian Dollar, shifted their focus to selling online where “American buyers are more than happy to snap up a quality made product for a lot less…” It’s not […]