Merry Christmas and Happy New Year, My question is this, If the American dollar falls, What would this do to the Canadian currency, Rightfully it should rise, But what if If the Canadian economy was in the start of a recession? The reason im asking is I am looking to add to my stack, But the exchange rate is not at all in my favor.....Thanks in advance.
The modern Loonie is at its heart, a commodity currency, with commodities at decade-lows, expect further depreciation relative to the USD.
