RE:RE:RE:Canadian Dollar strength It's not as simple as you pointed out. If Canada drops interest rates before the US, then our $ will weaken relative to the US ceteris paribus. Since Canada is more interest rate sensitive, if both Canada and the US lower rates simultaneously, Canada will suffer more in terms of the economy. Eventually, when money begins to flow into commodities, the dollar could regain much of its losses. What people don't understand is that Monetary policy is like a faucet. When you turn the faucet to the hot position, it doesn't get warm right away but that it takes time. When the Fed pivots and rates begin to come down, it could be another year or so for the economy to adjust to the new normal.
The big elephant in the room is going to be how bad Canada's recession will be in 2024 compared to the US. I think this time it's Canada's turn to feel the impact from an over leveraged nation. The US had their turn during the GFC.