RE:RE:RE:Hard Times ahead for banking industry
US repatriation or not, greenback is being dumped. Mr. Trump's closing door policies are driving the US into self-isolation. Those economists who predicted our C$ worth 65 cents US by this summer, their glasses are all over the trading floors now! True Canadian economy is not in great shape then again other major economies are not in any better shape. As a matter of fact, there is no need for our Central Bank to raise interest rate to keep CAD/US rate steady. The reality is that the greenback is losing its demand fast.