Despite current uncertainty, moderate growth is expected.
The loonie should benefit from a global recovery.
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Several factors weigh negatively on the currency’s outlook.
There’s cause for caution and optimism, making projections tough
Luc de la Durantaye, Chief Investment Strategist and CIO, Multi-Asset and Currency Management, CIBC Asset Management
In the near term, expect a less pricey dollar if the pandemic wanes.
As markets remain uncertain, investors focus on the positive.
Find out what weighs on equities in 2020.
Find out what weighs on the Canadian dollar.