Canadian dollar collapsing $15 frosted flakes

beenz

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:mjlol:

@Reinscarf you always talking about living in a $1M crib. man, that shyt is worth $200K at the most in real money :russ:
 
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A 59-cent loonie? It could happen this year, investment bank says

investment bank Macquarie says he expects the loonie to lose another 10 cents to reach an all-t
ime low of 59 cents by the end of 2016.

David Doyle of Macquarie Capital Markets Canada Ltd. lowered his Canadian dollar forecast to 59 cents US on Tuesday. That would eclipse the all-time low for the loonie, set on Jan. 21, 2002, at 61.79 cents US.

Doyle knows of what he speaks. Last February, when the Canadian dollar was valued at just over 80 cents, he — correctly, as it turns out — predicted the loonie would hit 69 cents US at some point in the next 12 months.

It did so Tuesday.

"Once [the loonie] reaches this level," Doyle said, "it should remain subdued through [the end of] 2018 and potentially even longer."

Doyle's new forecast doesn't see the loonie above 65 cents US at any time between the end of 2016 and the two years that follow
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