Hedge Funds
The recent change in the U.S. Federal Reserve’s monetary policy is emanating the worst ripple effect toward our neighbors to the north. The CAD to USD exchange rate has hit a rough patch, wherein the loonie is seemingly facing a perpetual decline against the greenback. Worse yet, hedge funds are now jumping the Canadian dollar ship. That means the market may have largely found a consensus on the future movement of the CAD/USD rate—that is, a slump in the Canadian dollar is now inevitable. The economic woes of America’s northern neighbor, initiated by the declining oil prices, have further mounted...

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