“Along with virtually all its major peers, the Canadian dollar is rallying against the greenback as investors flee the U.S. financial markets, but it is also underperforming its safe haven counterparts as fear grips the world economy,” Karl Schamotta, chief market strategist at Corpay Currency Research, said in an email.
The Canadian dollar is down 4.4 per cent and 2.3 per cent against the Swiss franc and the Japanese yen, respectively, so far this month, compared with a 4.1 per cent gain versus the greenback.
The Financial Post is American owned media pretending to be Canadian, infiltrating Canadian culture and politics.
Makes sense. We’re way too tightly hitched to the clown truck down south.
Yeah, we can’t do any land trade with anyone else, it’s a lot of exposure.
Catching strays. My apologies. The fuckage, ironically enough, will not honor borders.
USD and CAD are going to pretty much be in lockstep. I guess we’ve held ground a bit better in the short term, but over the last year it’s pretty much the same story between them. Canada has actually given up more ground that the USD.
https://www.google.com/finance/quote/CAD-EUR?comparison=USD-EUR%2CCHF-EUR&window=1Y
Other posts make good points, I’d just add there’s also the risk associated with Mango Mussolini deciding to fix (lack of) popularity issues with a war, his 51st state rhetoric is enough to suspect that Canada (and Greenland) are top of that list
