The Canadian currency traded at the highest level in almost a month after China posted a report indicating a sharpened growth, consequently favoring the loonie’s outlook due to Canada’s exporting economic profile, which is likely to be more favored than the U.S. in the short term of an economic recovery in global scale.
Comments
This really sucks for those of us who are essentially exporters of our services.
Amen...80% of our business is to either US or overseas clients. It's the time to save those US dollars if possible for the next plummet!