Under Pressure Canadian Dollar Over Rates
The new year’s start has not really been very lucky for the Loonie so far. From the very start of this year the Canadian Dollar has been experiencing down falls , and has been showing quite steeply pointing down wards. Many of Financial Analysts have predicted that it will continue to fall in the near future. Apparently CAD is going to see another dumb sight in this year.
The economists of the Royal Bank of Canada have stated that loonie is going to fall an other 87 cents by the end of this year, while TD bank differs a little on this aspect and observations have revealed that it will go less than 80 cents and it will rise an=gain in the coming year.