Regina Homes & Condos For Sale|Regina Real Estate 


Canadian dollar may go as low as 70 cents US in 2017!

According to several recently released forecasts, the Canadian dollar is expected to fall against the backdrop of several factors: a U.S. economy gaining speed, interest rate hikes by the U.S. Federal Reserve, and oil prices that are projected to remain soft.

With the U.S. dollar strengthening, forecasters see the loonie dipping to between 70 and 72 cents US in 2017.


Scotiabank said it sees the loonie dipping to 71 cents in the second quarter of next year before returning to its current level of 74 cents by the end of the year.

CIBC is projecting the dollar to slip to about 72 cents in the first quarter of 2017 before ending the year with a recovery of about one cent, while JPMorgan Chase predicts a 70-cent loonie by the middle of next year, then to remain between 70 and 71 cents in the latter half of the year.


No comments

Post Your Comment:

* indicates required fields.
Your Name: *
Your email will not be published
Your Email: *
Comment: *
Please type the text as it appears above:
Aaron Habicht
Sutton Group - Results Realty
3904 B Gordon Road
Regina, SK
S4S 6Y3 CA
The Saskatchewan REALTORS® Association (SRA) IDX Reciprocity listings are displayed in accordance with SRA's MLS® Data Access Agreement and are copyright of the Saskatchewan REALTORS® Association (SRA).
The above information is from sources deemed reliable but should not be relied upon without independent verification. The information presented here is for general interest only, no guarantees apply.
Trademarks are owned and controlled by the Canadian Real Estate Association (CREA). Used under license.
MLS® System data of the Saskatchewan REALTORS® Association (SRA) displayed on this site is refreshed every 2 hours.