Prediction Of How Well The Canadian Loonie Will Do In 2017
When Trump got elected, Many Canadian economists began to worry about how hisย trade policiesย would affect our economy.
But according to the Financial Post, the future doesn't look so gloomy after all.
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Forecasters actually believeย the Canadian Dollar will outperform the currencies ofย Belgium,ย France, Germany, Italy, Japan, the Netherlands, Sweden, Switzerland, theย United Kingdom and even the United States.
Now, this doesn't mean the Canadian dollar will be worth more than the American dollar, it just means we will experience the most gain compared to all the other G10 countries.
Some forecasters are more pessimistic, but considering the Canadian Dollar is sitting ย at 0.76 USD and the job market seems to be doing well, thing are definitely looking promising.
Because the Canadian dollar was so low this past year, tourism levels hit a 20 year high and now w'ere the #1 destination to head to in 2017, so that trend's just going to keep going throughout next year as well.
Basically, overall this are looking good for 2017.