Could we be watching the real-time evolutionary process of the loonie?
“I’m not talking about the beloved lake loon of cottage country, rather the Canadian dollar, which should be soaring alongside the price of oil, but seems to have lost its wings. What is happening to the loonie?” asks host Philip Petursson, Chief Investment Strategist for IG Wealth Management. He explains how the traditional correlations between the loonie and the U.S. dollar seem to be broken and discusses the other factors now at play. Listen to find out where he thinks the dollar is headed, as Philip navigates The Living Market.