The loonie is back! The Canadian dollar pushed past 96 cents yesterday -- just a breath away from yearly highs reached on July 24.
“What's really strange is that you just don't see a lot of investors rushing to buy loonies,” comments our currency counselor Chuck Butler. “Gold is over $700, oil is heading to $80 and the demand for other energy sources like natural gas continues to be strong. All of this juices up the Canadian economy. When the economy gets juiced, the loonie follows.”
“What's really strange is that you just don't see a lot of investors rushing to buy loonies,” comments our currency counselor Chuck Butler. “Gold is over $700, oil is heading to $80 and the demand for other energy sources like natural gas continues to be strong. All of this juices up the Canadian economy. When the economy gets juiced, the loonie follows.”
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