December 08, 2015 BY LeapRate Staff

OPEC inaction = Currency volatility: Loonie at 11 year low versus USD

One of the factors which brought down longtime Canadian Prime Minister Stephen Harper in Canada's October national election was the weak Canadian Dollar. After surpassing the USD as recently as early 2013, the Loonie had gone on a prolonged nosedive ever since, and was worth less than 80 cents US once Canadians went to the…

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