Friday, September 30, 2011

Need a view on $CAD in 2012?

The Canadian dollar is viewed by captial markets as a petrocurrency but it that relationship does not always hold up. This is an update of a time series posted earlier that you may find useful in having a view on where the $CAD exchange rate is headed in 2012. Arguably, the demand for commodities generally and oil in particular may have weighed somewhat on BMO making a call for the loonie to trade at US 93 cents by year end.