Some experts say the Canadian dollar will remain weak through at least the end of this year.
Macquarie Group's head of economics David Doyle on what's driving the pressure on the loonie and whether it could turn inflationary.
Katherine Judge, director and senior economist with CIBC Capital Markets, said she expects the Canadian dollar to hover around current levels for the remainder of the year. There is room for the Canadian dollar to slide even further if it becomes apparent that tariffs will be implemented, Judge said. “The general worry is if the Canadian economy gets hit with tariffs and our exports are very weak, the Bank of Canada will have to cut rates even further to support the domestic economy,” Judge said.
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