Tuesday, August 25, 2020

As the Liberals Borrow and Pay for Everything For Canadians, What Are the Repurcussions on the Loonie? Do Canadians Ever Stop and Wonder?

The Globe and Mail: Canadian dollar lags G10 peers as bets mount against the loonie.

"...The Canadian dollar weakened against its U.S. counterpart and all the other G10 currencies on Monday, as recent data showed that speculators have added to bearish bets on the loonie despite it climbing to a seven-month high.

“The Canadian dollar is broadly underperforming, which rather tells you that the dislike for the Canadian dollar that we seem to be seeing pretty consistently from the FX market is still there,” said Shaun Osborne, chief currency strategist at Scotiabank..."

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