Loonie is lagging Canada’s strong economy, when economy slows loonie will struggle even more

Canada News

Karl Schamotta, chief market strategist at Corpay, joins BNN Bloomberg for his view on the loonie and the Canadian economy. Schamotta says the Canadian market, including the loonie, has been tightly correlated to financial conditions in the U.S. Schamotta also discusses how the Russia’s decision to cut oil production could affect the Canadian dollar.

Credit BNN Bloomberg