Loonie dips below 80 cents U-S
Posted Jan 30, 2015 05:45:18 AM.
This article is more than 5 years old.
The Canadian dollar is continuing its slide south — dipping below the 80-cent U-S mark to its lowest level in nearly six years.
Canada’s major banks are forecasting the loonie will continue on its downward path.
C-I-B-C chief economist Avery Shenfeld says the loonie was quite overvalued in recent years compared to its historical levels.
