The U$ has been besting the Canadian loonie since the QE-led commodity rebound ran out of steam in 2011. As shown in this more than 30 year chart of the U$ over C$ ratio since 1980, the strengthening greenback trend may still have several years to run.
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Cory’s Chart Corner
Load MoreMany will focus the blame of market drawdowns on the tariffs and ignore the fact the SP500 (only a few weeks ago) was trading at 4 std devs above its historical mean…valuation also matters.
BREAKING: The European Union is preparing further counter measures against newly announced US tariffs of 20%, per CNBC.
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