The Canadian dollar tanked last year dropping from being at par with US$ to below US $0.80. Huge drop. However, it is starting to recover now at US$0.86.
Interesting is the graph overlay of the CAD and S&P. As the market recover so is the Canadian dollar.
The question is how long will this market run up before turning down. If the market does turn down, then the it can be expected that US dollar will increase and CAD will drop.
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