You continue to highlight your belief that the Canadian dollar is headed down and the US dollar is headed up, yet in the last two weeks the CAD has co
You continue to highlight your belief that the Canadian dollar is headed down and the US dollar is headed up, yet in the last two weeks the CAD has continued to strengthen. Do you still believe the CAD will weaken further?
Recently VERITAS Research has gone further than I have forecast that the CAD may hit $.60 versus the USD. Michael Levy & Michael Campbell discussed this forecast at the great MoneyTalks show on April 18. The reasons given could be: Canadian dollar weakness due to the oil problems and slow recovery, as well as USD strength. I have shared that view (lower CAD) for 4 years and continue to believe it to go lower. (My target was .68 cents.) This forecast would actually surpass the previous low in 2002 of .62 cents.
