Where will the loonie go in 2016-2017 ?

If you are thinking of buying US dollars either for an upcoming trip or to purchase a big ticket item in the US you might want to consider doing it sooner rather than later. The combination of persistent low oil prices and the US Federal Reserve bank inching ever so closer to its first interest rate hike in years means that the Canadian dollar will stay low and go even lower over the next few years.

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