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short Canadian dollarsfinancialpost
•Business
Business & Economics
74% Informative
The Canadian dollar has been steadily declining over the past couple of months .
The loonie is down just over four per cent against its U.S. counterpart since late September , and 1.5 per cent since Nov. 5 .
The currency markets’ trigger response to Trump ’s tariff throwdown is understandable, says Bipan Rai , managing director of ETF and structured solutions strategy at BMO Global Asset Management .
The Fed ’s funds rate sits in the range of 4.5 to 4.75 per cent, 100 basis points higher than the Bank of Canada’S. benchmark lending rate .
That spread between the two sets of rates is called divergence, and the more interest rates diverge, the greater the chance the Canadian dollar will fall against its U.S. counterpart.
Rai thinks the spread could go as high as 125 basis points in the current cutting cycle.
VR Score
81
Informative language
81
Neutral language
67
Article tone
semi-formal
Language
English
Language complexity
46
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
8
Source diversity
5
