Loonie Set to Fall Below 72 Cents in next Few Months and Remain Lower for Longer, Says CIBC

| |

Canada's dollar will remain lower for longer despite some help from the federal government's fiscal spending plan over the next year, says CIBC World Markets. The loonie has been on a downward trend since early May, when it nearly touched 80 cents against the U.S. dollar. More recently, the currency is trading at 74.34, its lowest…

Market News Algo Feed