The Canadian economy has a "real problem on its hands". I agree 100% and the problem is named Trudeau who is borrowing money for pet projects as if there is no tomorrow. Unfortunately Canadians are the same as Americans and vote for politicians that promise the moon, deliver garbage, don't care at all about the people, care only for the top 1% and have only one goal - to be reelected.
TD bank predicts loonie may fall to 71 cents US as Canadian dollar's outlook shifts 'considerably'
A strong start to the year for the Canadian dollar — rising 3.5 per cent against the greenback in the first two monthsafter a nearly eight per cent drop in value last year—had many wondering if this was the year the looniewouldstagea comeback. But, since the start of March, the Canadian dollarhas fallen1.3 per cent against the U.S. dollar asprospects for the Canadian economy have also dimmed. Grossdomestic product (GDP) contracted0.1 per cent in January, following a deeper than anticipated slowdown thatin the second half of last year. Strategists at TD Securities say the Canadian economy has a "real problem on its hands," ... (full story)
- Posted: Mar 15, 2019 9:38pm
- Submitted by:Category: Fundamental AnalysisComments: 1 / Views: 1,473