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[Adventurer]

Days of dollar parity at end, loonie likely to fall below 90 cents US: RBC
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1 hour, 53 minutes ago



By The Canadian Press

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OTTAWA - The high-flying loonie is likely to descend to the 90-cent-US level later this year and continue weakening into next year, says a new forecast from Canada's largest bank.


The Royal Bank research report predicts the Canadian economy will outperform that of its southern neighbour, but a U.S. recovery in the second half of 2008 and the curtailment of Federal Reserve interest rate cuts will strengthen the American dollar.


"By the end of the year, we expect the loonie to average 90.9 US cents," says the report from RBC economist Craig Wright.

UNDOLLARCANADIEN

[Kuros]

Isn't this good news for Canadian exports, which rely on American consumers for more than 3/4ths of their business?

[mindmetoo]

Good because I got a ton of money in US funds.
Good because I have more $US coming.
Bad because things are really, really cheap these days. Inflation is running at 1%.

[mindmetoo]