Loonie tops 80 cents for first time since 2018 as commodities rise
Loonie tops 80 cents for first time since 2018 as commodities rise Ian Vandaelle, BNN Bloomberg VIDEO SIGN OUT The Canadian dollar broke above 80 cents U.S. Thursday, hitting its highest level since February 2018 amid speculation the global reflation trade will continue to lift commodity prices, driving currencies traditionally tied to the commodities complex higher. That reflation trade, which has investors buying into industrially-sensitive commodities in anticipation of an uptick in global economic activity, has pushed copper to a 10-year high and boosted West Texas Intermediate oi...
Source: bnnbloomberg.ca