Source: David Hodges, The Canadian Press, February 13, 2018
TORONTO — The plunge in global stock markets over the past week has dragged down the Canadian dollar and oil prices, but some market observers see signs the loonie’s fortunes will change this year even as the Canadian dollar continued its slide Monday.
The loonie is down slightly in the opening months of the year as the global stock market rout that started at the beginning of February has investors turn to safe-haven assets like the U.S. dollar and the Japanese yen.
Image Source: CTV News
