If you are in Canada, you might be concerned about recent stories about the outlook of the Canadian dollar. It is often paired against the United States dollar, and the fluctuations that can occur in both markets. If you have a vast number of investments that rely upon the Forex marketplace, this could be of great concern. Whether you have stocks, bonds, or any other type of investment that could be influenced by the Canadian dollar, understanding what is happening could be of prime interest to you as an investor. Let’s look at what the current condition is of the Canadian dollar and what you should do if things are not well.
What Is The Current Canadian Dollar Outlook?
As of the time of this writing, the trading for the USD/CAD is not going very well. It is actually down as the results of meetings with the US Federal Reserve and changes in the benchmark rate. They are also looking at the Fed’s balance sheet, and the assets that it controls. According to many studies, the current situation is choking economic growth, and will continue to do so until something can spurn the changes that are necessary with the value of both the US dollar and the Canadian dollar.