“I would not rule out the Canadian dollar falling briefly through the end of the year and then beginning to rally after the inauguration date next year,” says Schamotta, noting that the Canadian dollar historically does well when the U.S. economy is growing. Schamotta says Canada’s economy is underperforming the U.S. due to higher consumer debt which is stifling business investment. He predicts the loonie could drop another two to three per cent before the end of the year. https://www.bnnbloomberg.ca/business/2024/11/13/loonie-slips-to-4-year-low-of-71-cents-and-could-go-lower-karl-schamotta/