currency strategist posts

The Canadian dollar is once again dancing about near parity with the U.S. dollar making this holiday shopping season a great one for snagging some bargains whether you're in Canada or travelling across the border. But how long will it stay there?

The loonie has been historically strong all year, largely because of weakness in the U.S. dollar combined with rising commodity prices. This week it has been trading at about US99 cents. Abnormally low interest rates in the United States at a time of high unemployment and fear of a second dip into recession has made investors shun the greenback, causing most currencies around the world to rise. The loonie has been no exception. But the loonie is not expected to stay near parity forever and the experts are beginning to forecast when it will likely fall and by how much.