Description: A catalyst is emerging for the Canadian dollar that is gnawing at the central bank’s influence and potentially its monetary policy: the performance of global equities. The loonie has traditionally been seen as a commodity-linked currency because of the country’s vast natural resources. But trillions of dollars of stimulus, along with interest rate cuts from the Bank of Canada, the Federal Reserve and other central banks have realigned those forces.
Source: FinancialPost – video report
Date: Oct 27, 2020
Questions for discussion:
- What is happening to the Canadian dollar and what are the suggestions for investors?
- Do you agree with this advice?