Surging Loonie

In my continuing theme of the surging Loonie, I read some excellent commentary from commodity guru Dennis Gartman. Gartman sees the Loonie surging well past parity with the greenback, as investors express a preference for our commodities, our financial system, and even our adherence to global trade agreements. With global currency traders bullish on our dollar, and interest rates at all time lows, it may be very difficult for the Bank of Canada to slow down the flight of the Loonie.

This is for information purposes only. Views expressed are those of the author, not Scotia Capital