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Canadian Loonie Hits 4-Year Low Amid Political Crisis

  • #Canada
  • #Finance
Canadian Loonie Hits 4-Year Low Amid Political Crisis
story
DEC 2024
Image copyright: Brent Lewin/Contributor/Bloomberg via Getty Images
story last updated DEC 2024

The Spin

Narrative A

There's no telling if new border security measures being announced by the Canadian federal government and the provinces will placate Trump. That means other measures must be taken to get the Canadian economy some wins or the loonie could drop further and maybe even hit a record low.

CBC

Narrative B

Those who've been bearish on the Canadian economy have reasons to reverse their outlook. Trump's demands may now be placated and the Bank of Canada is confidently orchestrating a go-slow approach to interest rates. A more business-friendly government should also be on the horizon.

The Globe and Mail

Metaculus Prediction


Public Figures

Justin Trudeau

Donald Trump


Articles on this story

Canadian Dollar Hits New Low Scramble Downside Protection 2024 12 18
ReutersDEC 2024