And Speaking Of The States

Looks like this would be the year to visit our cousins to the south. They might not want to come to Canada, tho.

How low can U.S. dollar go?

"Scotia Capital currently has a year end forecast of US$1.05 for the Canadian dollar, and next year expects the loonie to close at US$1.09."

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"Mr. Watt cautions that the U.S. dollar has been weaker than expected, and there is a chance for a revision of that forecast. “Going forward I’m not sure whether we are going to revise dramatically the U.S. dollar forecast — if we do revise our forecast, it would be against all currencies, and we would probably put the USD-CAD forecast below 94¢.”"

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"TD Securities’ Shaun Osborne expects the U.S. dollar to trade around 0.96 against the Canadian dollar through the second half of this year."

Shit happens.