Loonie Trouble Ahead?

Mar 22, 2008

David Olive suggests their are 5 reasons the Loonie may be in trouble.

1. Commodity prices are expected to fall. So far, high prices for Canadian oil, natural gas, wheat and other commodities has spared Canada. As the US slow down continues, commodity prices are expected to fall.

2. The Credit Crunch. Since January 07, the world's largest banks have written off 81 billion. As a result, banks are holding onto cash, distrust of collateral, and reluctant to loan. A credit crunch crimps global economic growth, including Canada.

Read more at thestar
Loonie, CAD, Credit Crunch

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