Dollars and SenseNationalNews
Strong Loonie Isn’t an Excuse To Indulge, Experts Say
Source: Anne Gaviola, globalnews.ca, May 01, 2021
The Canadian economy has been stronger than Bay Street analysts expected to start the year, which has helped fuel the loonie.
The Canadian dollar has come a long way in the past year and its trajectory places it among the strongest currencies of 2021.
It has been trading above 81 cents relative to the greenback for seven days in a row, and currency analysts say it could climb further in coming months.
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