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Forget the loonie, Canadians, and worry about oil instead

The constant stream of loonie-focused analysis in the media obscures the fact that, over the long term, the value of the domestic currency is completely straightforward. Determining the Canadian dollar’s short-term path, on the other hand, is a lot trickier, but recent data suggests it’s currently undervalued. Or, that commodity prices are set to fall significantly. It’s complicated.